Standalone figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | -81.3% | -33.5% | 25% | -181.5% | -102.7% | -138.3% | -163.1% | -186.9% |
| EBIT margin % | -85.4% | -40.4% | 21.4% | -182.6% | -115% | -168.8% | -199.5% | -212.6% |
| PAT margin % | -81.1% | -26.3% | 28.8% | -159.8% | -102.5% | -156.6% | -221% | -198.4% |
| Working capital | ||||||||
| Receivable days | 57 | 45 | 76 | 79 | 91 | 64 | 95 | 105 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 22 | 5 | 6 | 7 | 5 | 5 | 6 | 9 |
| NWC days | — | — | 71 | 72 | 86 | 59 | 90 | 97 |
| Leverage | ||||||||
| Current ratio | 8.3 | 9.74 | 13.83 | 15.5 | 6.01 | 3.31 | 3.58 | 4.95 |
| Debt to EBITDA | — | — | 0 | — | — | — | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | -24.9 | 83 | — | -55.6 | -45.6 | -69.1 | -144.6 |
| Asset turnover | 0.12 | 0.15 | 0.2 | 0.08 | 0.18 | 0.09 | 0.05 | 0.04 |
| Return ratios | ||||||||
| Return on assets % | -9.9% | -4% | 5.8% | -12.1% | -18% | -13.6% | -12% | -8.7% |
| Return on capital employed % | -15.3% | -4% | 6.9% | -15.7% | -15.9% | -13.5% | -9.8% | -9.4% |
| Return on equity % | -12.2% | -4.7% | 6.8% | -14% | -21.5% | -16.3% | -13.6% | -10% |
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.