Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 12.5% | 31.6% | 33.6% | 31.6% | -17.5% | 38.9% | -40.3% |
| EBITDA margin % | -0.6% | -1% | 0.2% | -3.5% | -62% | -1.2% | -166.5% |
| EBIT margin % | -4.1% | -3.3% | -2.6% | -6.7% | -65.8% | -6.6% | -171.3% |
| PAT margin % | -25.6% | -23.4% | -7.8% | -13.8% | -54.9% | -7.8% | -158.9% |
| Working capital | |||||||
| Receivable days | — | — | 87 | 106 | 150 | 165 | 114 |
| Inventory days | — | — | 3,413 | 3,404 | 1,629 | 3,770 | 971 |
| Payable days | — | — | 681 | 724 | 404 | 1,018 | 539 |
| NWC days | — | — | 2,819 | 2,786 | 1,375 | 2,917 | 547 |
| Leverage | |||||||
| Current ratio | — | — | 0.88 | 0.83 | 0.78 | 0.76 | 0.61 |
| Debt to EBITDA | — | — | 525.86 | — | — | — | — |
| Debt to equity | — | — | -4.79 | -2.99 | -0.89 | -0.73 | -0.26 |
| Interest coverage | 0 | -0.1 | 0.4 | -0.1 | -14.6 | -1.3 | -128.9 |
| Asset turnover | — | — | 0.12 | 0.11 | 0.12 | 0.1 | 0.16 |
| Return ratios | |||||||
| Return on assets % | — | — | -0.9% | -1.5% | -6.7% | -0.8% | -25.3% |
| Return on capital employed % | — | — | 18% | -4.5% | 427.6% | 6.5% | 87.2% |
| Return on equity % | — | — | 37.3% | 40.9% | 69.6% | 7.1% | 69.8% |
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.