Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 7.9% | 10% | 13.6% | 2.5% | 14.4% | 14.6% |
| EBITDA margin % | -22.1% | -46.7% | -23.1% | -505.7% | -29.6% | -11.2% |
| EBIT margin % | -26.4% | -52.4% | -27.7% | -509.8% | -32.2% | -11.9% |
| PAT margin % | -50.5% | -107.8% | -80.9% | 514.1% | 48.2% | 26.8% |
| Working capital | ||||||
| Receivable days | 295 | 328 | 140 | 65 | 95 | 129 |
| Inventory days | 190 | 272 | 254 | 167 | 85 | 94 |
| Payable days | 298 | 378 | 367 | 376 | 217 | 181 |
| NWC days | 187 | 222 | 27 | -144 | -37 | 42 |
| Leverage | ||||||
| Current ratio | 0.18 | 0.14 | 0.1 | 0.49 | 0.99 | 1.62 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | -3.56 | -2.73 | -2.35 | 5.1 | 0 | 0 |
| Interest coverage | -0.3 | -0.8 | -0.4 | -37.2 | 0 | -0.7 |
| Asset turnover | 0.15 | 0.11 | 0.12 | 0.24 | 0.43 | 0.6 |
| Return ratios | ||||||
| Return on assets % | -7.7% | -11.5% | -9.6% | 124% | 20.8% | 16% |
| Return on capital employed % | 9.1% | 14.1% | 6.2% | -721.8% | 0.2% | -1.7% |
| Return on equity % | 26.1% | 26.4% | 17.4% | 2,437.7% | 43.9% | 28.3% |
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.