Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 7.7% | 35.9% | 34.5% | 36.9% | 30.4% | 21.6% | 21.9% |
| EBITDA margin % | 17.1% | -38.4% | 1.1% | 11.9% | 11.8% | 14.8% | 4.1% | -1% |
| EBIT margin % | 17.1% | -39.4% | 0.3% | 11.2% | 11.1% | 14.4% | 3.8% | -1.2% |
| PAT margin % | -2% | -35.3% | -24.8% | -9.8% | -24.5% | 1.7% | 4.1% | -11% |
| Working capital | ||||||||
| Receivable days | — | — | 242 | 182 | 213 | 118 | 138 | 163 |
| Inventory days | — | — | 6,324 | 4,345 | 3,550 | 1,488 | 1,103 | 1,164 |
| Payable days | — | — | 852 | 588 | 473 | 201 | 192 | 238 |
| NWC days | — | — | 5,714 | 3,939 | 3,290 | 1,406 | 1,048 | 1,089 |
| Leverage | ||||||||
| Current ratio | — | — | 1.15 | 1.08 | 1.07 | 1.1 | 1.14 | 1.1 |
| Debt to EBITDA | — | — | 320.38 | 20.41 | 15.16 | 6.5 | 19.13 | — |
| Debt to equity | — | — | 3.16 | 3.52 | 3.91 | 3.68 | 2.53 | 2.94 |
| Interest coverage | 0.8 | -0.1 | 0.1 | 0.5 | 0.6 | 1.1 | 1.2 | 0.1 |
| Asset turnover | — | — | 0.07 | 0.1 | 0.12 | 0.25 | 0.29 | 0.26 |
| Return ratios | ||||||||
| Return on assets % | — | — | -1.8% | -1% | -2.9% | 0.4% | 1.2% | -2.9% |
| Return on capital employed % | — | — | 1.1% | 10% | 12.6% | 24.6% | 12.7% | 1.2% |
| Return on equity % | — | — | -22.4% | -14.1% | -53.6% | 6.5% | 13% | -37.5% |
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.