Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 45% | 6.7% | — | — | 35% | -47.5% | 1.3% | -6.7% |
| EBIT margin % | 35% | 1.3% | — | — | 25% | -50% | 0% | -11.2% |
| PAT margin % | — | -21.3% | — | — | 45% | 1.3% | 0.3% | -7.9% |
| Working capital | ||||||||
| Receivable days | — | — | — | — | 8,924 | 146 | 299 | 332 |
| Inventory days | — | — | — | — | 0 | 0 | 0 | 0 |
| Payable days | — | — | — | — | 1,530 | 160 | 320 | 1,049 |
| NWC days | — | — | — | — | 7,394 | -14 | -21 | -717 |
| Leverage | ||||||||
| Current ratio | — | — | 15.87 | 12.55 | 4.82 | 7.93 | 3.54 | 3.56 |
| Debt to EBITDA | — | — | — | — | 0 | — | 0 | — |
| Debt to equity | — | — | 0.05 | 0.05 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | — | — | — |
| Asset turnover | — | — | 0 | 0 | 0.02 | 0.1 | 0.17 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0% | -0.8% | 1% | 0.1% | 0.1% | -0.4% |
| Return on capital employed % | — | — | -0.9% | -0.9% | 0.6% | 0.1% | 0% | -0.5% |
| Return on equity % | — | — | 0% | -0.9% | 1.2% | 0.1% | 0.1% | -0.5% |
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.