Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -6.6% | -77.1% | 1.6% | 7.3% | -3.5% | 10.1% | -4.1% | -29.1% |
| EBIT margin % | -9.6% | -84.9% | -3.3% | 3% | -7.3% | 7.1% | -7.2% | -32.8% |
| PAT margin % | 3% | -76% | 5.9% | 2.8% | -10.2% | 4.5% | -9% | -32.2% |
| Working capital | ||||||||
| Receivable days | 408 | 66 | 217 | 262 | 604 | 171 | 198 | 166 |
| Inventory days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 705 |
| NWC days | 408 | 66 | 217 | 262 | 604 | 171 | 198 | -539 |
| Leverage | ||||||||
| Current ratio | 24.2 | 18.67 | 30.28 | 44.34 | 49.55 | 36.33 | 51.56 | 1.75 |
| Debt to EBITDA | — | — | 32.09 | 6.66 | — | 3.39 | — | — |
| Debt to equity | 0.23 | 0.33 | 0.34 | 0.36 | 0.74 | 0.28 | 0.36 | 0.33 |
| Interest coverage | 1.3 | -4.5 | 1.5 | 1.2 | 0.4 | 1.7 | -0.8 | -5.2 |
| Asset turnover | 0.19 | 0.18 | 0.19 | 0.17 | 0.15 | 0.23 | 0.26 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | 0.6% | -14% | 1.1% | 0.5% | -1.5% | 1% | -2.3% | -6.8% |
| Return on capital employed % | 2.5% | -10.8% | 3.9% | 3.2% | 1% | 2.2% | -1% | -8% |
| Return on equity % | 1.3% | -34.1% | 4% | 2.1% | -7.1% | 3.7% | -7.9% | -20.3% |
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.