Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 98.8% | — | — | — | 93% |
| EBITDA margin % | 33.2% | 59.2% | 62.1% | 58.7% | 40.4% | 40.6% | 33.8% | -0.6% |
| EBIT margin % | 9.8% | 19.1% | 14.9% | 20.5% | 2.8% | 15.2% | 5.7% | -36.2% |
| PAT margin % | -18.9% | -46.5% | -36.6% | -66.6% | -74.4% | -105.9% | -31.1% | -69.4% |
| Working capital | ||||||||
| Receivable days | 8 | 9 | 10 | 10 | 15 | 13 | 19 | 20 |
| Inventory days | 2 | 6 | 6 | 101 | 3 | 4 | 3 | 103 |
| Payable days | 123 | 325 | 353 | 7,460 | 121 | 163 | 146 | 1,847 |
| NWC days | -113 | -310 | -336 | -7,348 | -103 | -146 | -124 | -1,724 |
| Leverage | ||||||||
| Current ratio | — | — | 0.12 | 0.13 | 0.16 | 0.17 | 0.12 | 0.08 |
| Debt to EBITDA | 0.94 | 0.47 | 0.4 | 0.23 | 0.08 | 0 | 0 | — |
| Debt to equity | 0.35 | 0.26 | 0.3 | 0.4 | -0.09 | -0 | -0 | -0 |
| Interest coverage | 1 | 1.2 | 1.2 | 1.8 | 0.4 | 1.1 | 0.4 | -1.5 |
| Asset turnover | 0.43 | 0.31 | 0.35 | 0.42 | 0.5 | 0.69 | 0.68 | 0.66 |
| Return ratios | ||||||||
| Return on assets % | -8.1% | -14.3% | -12.8% | -28% | -37.4% | -72.6% | -21.2% | -46.1% |
| Return on capital employed % | — | — | 16.9% | 30.1% | 83.5% | -11% | -3.6% | 9.7% |
| Return on equity % | -21.2% | -43% | -44.3% | -199.5% | 213.4% | 71.3% | 15% | 20% |
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.