Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 4.8% | — | — | — | 4.9% | 5.6% | — | — |
| EBITDA margin % | -2.5% | -3.2% | 24.9% | 23.8% | -12.9% | 0.5% | -89.8% | -5.9% |
| EBIT margin % | -2.5% | -3.2% | 22.2% | 21.4% | -12.9% | 0.5% | -89.8% | -5.9% |
| PAT margin % | -11.3% | -10.1% | 21.3% | 18% | -9.3% | 8.7% | -88.9% | -2.9% |
| Working capital | ||||||||
| Receivable days | 0 | — | 56 | 57 | 0 | 0 | — | 0 |
| Inventory days | 0 | — | 0 | 0 | 0 | 0 | — | 0 |
| Payable days | 0 | — | 25 | 25 | 0 | 0 | — | 0 |
| NWC days | 0 | — | 30 | 32 | 0 | 0 | — | 0 |
| Leverage | ||||||||
| Current ratio | 29 | — | 2.71 | 2.67 | 41 | 125 | 87.25 | — |
| Debt to EBITDA | — | — | 0.88 | 0.78 | — | 0 | — | — |
| Debt to equity | 0 | — | 0.3 | 0.28 | 0 | 0 | — | 0 |
| Interest coverage | — | — | 29.8 | 31.2 | — | — | — | — |
| Asset turnover | 0.38 | — | 0.84 | 0.95 | 0.98 | 0.64 | 0.27 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | -4.3% | — | 17.9% | 17.2% | -9.1% | 5.6% | -24.1% | -0.1% |
| Return on capital employed % | -3.6% | — | 30.2% | 37.5% | -0.2% | 7% | -25.5% | -0.1% |
| Return on equity % | -4.3% | — | 29.6% | 27.8% | -9.1% | 5.6% | -24.2% | -0.1% |
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.