Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 84.7% | 84.9% | 84.3% | 85.2% | 78.8% | 88.3% | 90.6% | 89.3% |
| EBITDA margin % | -414.7% | -756.2% | -88.7% | -163.9% | -33% | -50.5% | 19.4% | 17.7% |
| EBIT margin % | -494.3% | -842.9% | -106.9% | -188.1% | -44.9% | -62.9% | 11.3% | 9.4% |
| PAT margin % | -621.7% | -921.2% | -184.4% | -363.9% | -274.9% | -329.7% | -187% | -129.1% |
| Working capital | ||||||||
| Receivable days | — | 410 | 184 | 255 | 301 | 127 | 62 | 88 |
| Inventory days | — | 1,143 | 630 | 809 | 420 | 878 | 935 | 1,098 |
| Payable days | — | 2,319 | 1,316 | 1,388 | 1,703 | 3,050 | 1,422 | 2,175 |
| NWC days | — | -767 | -503 | -324 | -983 | -2,045 | -425 | -989 |
| Leverage | ||||||||
| Current ratio | — | 0.09 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Debt to EBITDA | — | — | — | — | — | — | 170.4 | 235.35 |
| Debt to equity | — | -0 | -0 | -0 | -0.68 | -0.64 | -0.62 | -0.6 |
| Interest coverage | -3.6 | -6.8 | -0.8 | -1 | -0 | -0.2 | 0.2 | 0.1 |
| Asset turnover | — | 0.16 | 0.23 | 0.2 | 0.23 | 0.26 | 0.31 | 0.23 |
| Return ratios | ||||||||
| Return on assets % | — | -149.4% | -42.7% | -73.3% | -62.7% | -87% | -58% | -30.1% |
| Return on capital employed % | — | 53.5% | 5.5% | 5.7% | 0.2% | 0.9% | -1% | -0.2% |
| Return on equity % | — | 58.6% | 11.7% | 11.2% | 4.9% | 5.5% | 3.5% | 1.9% |
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.