Standalone figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 16.4% | 33.3% | — | — | — |
| EBITDA margin % | 8.8% | 0.1% | -6.4% | -64.2% | -1,466.7% | — | — | — |
| EBIT margin % | 7.6% | -2.5% | -12.5% | -88.1% | -1,666.7% | — | — | — |
| PAT margin % | 9% | 5.4% | 10.8% | 44.8% | 650% | — | — | — |
| Working capital | ||||||||
| Receivable days | — | — | — | 10,836 | 1,05,850 | — | — | — |
| Inventory days | — | — | — | 0 | 0 | — | — | — |
| Payable days | — | — | — | 0 | 0 | — | — | — |
| NWC days | — | — | — | 10,836 | 1,05,850 | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | 4.47 | 4.89 | 4.52 | 4.92 | 5.48 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | 0.03 | 0.05 | 0.04 | 0.04 | 0.03 |
| Interest coverage | 10 | 3.2 | 2.7 | 21 | 55 | — | — | — |
| Asset turnover | — | — | 0.24 | 0.01 | 0 | 0 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.5% | 0.4% | 0.5% | 0.7% | -2.3% | -13.1% |
| Return on capital employed % | — | — | — | 0.5% | 0.7% | 1.1% | -2.4% | -0.5% |
| Return on equity % | — | — | — | 0.5% | 0.6% | 1% | -3% | -15% |
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.