Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 6.1% | 2.9% | 2.4% | 2.6% | 4.1% | 2.5% |
| EBITDA margin % | -55.7% | -305% | 1.1% | -332.3% | -341.7% | -89.8% |
| EBIT margin % | -56.5% | -309% | -0.9% | -334.3% | -344.3% | -91% |
| PAT margin % | -56.9% | -308.2% | -0.6% | -334.3% | -344.7% | -90.9% |
| Working capital | ||||||
| Receivable days | — | — | 7,119 | 3,188 | 2,740 | 1,313 |
| Inventory days | — | — | 34 | 14 | 34 | 50 |
| Payable days | — | — | 4,319 | 170 | 1,477 | 790 |
| NWC days | — | — | 2,833 | 3,031 | 1,297 | 574 |
| Leverage | ||||||
| Current ratio | — | — | 1.56 | 2.11 | 1.67 | 1.29 |
| Debt to EBITDA | — | — | 89.27 | — | — | — |
| Debt to equity | — | — | 0.13 | 0 | 0 | 0.79 |
| Interest coverage | -180.4 | — | — | — | — | — |
| Asset turnover | — | — | 0.05 | 0.11 | 0.13 | 0.25 |
| Return ratios | ||||||
| Return on assets % | — | — | -0% | -36.9% | -43.3% | -23.2% |
| Return on capital employed % | — | — | -0.1% | -52.9% | -67.9% | -62.2% |
| Return on equity % | — | — | -0.1% | -69% | -103.2% | -92% |
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.