Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 19.5% | 29% | 36.3% | 25.6% | 28.5% | 9.6% | 20.2% | 46.9% |
| EBITDA margin % | 10.9% | 18.1% | 12.3% | 18.3% | 11.4% | -72.3% | -96.9% | -1,152.1% |
| EBIT margin % | 10.8% | 17.9% | 11.7% | 18.1% | 10.9% | -73.1% | -98.1% | -1,158.5% |
| PAT margin % | 1.5% | 6.7% | 1.8% | 11.9% | 2.9% | -93% | -132.7% | -1,204.2% |
| Working capital | ||||||||
| Receivable days | — | 499 | 889 | 299 | 593 | 849 | 758 | 379 |
| Inventory days | — | 34 | 212 | 49 | 269 | 237 | 129 | 0 |
| Payable days | 192 | 302 | 290 | 187 | 310 | 430 | 138 | 677 |
| NWC days | — | 231 | 811 | 161 | 553 | 656 | 749 | -298 |
| Leverage | ||||||||
| Current ratio | — | 2.03 | 2.5 | 1.52 | 1.64 | 1.37 | 2.27 | 0.49 |
| Debt to EBITDA | 0.09 | 0.28 | 1.88 | 0.77 | 4.2 | — | — | — |
| Debt to equity | 0.01 | 0.03 | 0.06 | 0.13 | 0.16 | 0.18 | 0.24 | 0.47 |
| Interest coverage | 12.6 | 11.4 | 1.9 | 7.5 | 1 | -6.1 | -5.5 | -9.2 |
| Asset turnover | 0.83 | 0.41 | 0.18 | 0.54 | 0.22 | 0.15 | 0.14 | 0.03 |
| Return ratios | ||||||||
| Return on assets % | 1.2% | 2.7% | 0.3% | 6.5% | 0.6% | -13.7% | -18.3% | -38% |
| Return on capital employed % | — | 11.7% | 2.8% | 16.8% | 3.8% | -15.6% | -16.9% | -46.9% |
| Return on equity % | 2.2% | 4.1% | 0.4% | 10.6% | 1% | -22.8% | -28.7% | -76.9% |
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.