Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 16.1% | 83.1% | 81.1% | 80.7% | 94% | 90.2% | 98% | 34.8% |
| EBITDA margin % | 3.3% | -16.5% | 16.6% | 7.4% | -2.9% | -37.6% | -4.6% | -16.6% |
| EBIT margin % | 2.7% | -55.9% | 11.4% | 1.8% | -8.5% | -43.1% | -8.7% | -23.5% |
| PAT margin % | 4.2% | -81.3% | 8.2% | -27% | -7.1% | -35.7% | -4.4% | 23.7% |
| Working capital | ||||||||
| Receivable days | 0 | — | 0 | 0 | 22 | 17 | 11 | 14 |
| Inventory days | 0 | — | 3 | 3 | 1,769 | 724 | 2,910 | 71 |
| Payable days | 5 | — | 19 | 23 | 694 | 425 | 1,594 | 73 |
| NWC days | -5 | — | -16 | -21 | 1,097 | 316 | 1,328 | 12 |
| Leverage | ||||||||
| Current ratio | 15.93 | — | 9.59 | 6.3 | 0.85 | 0.47 | 0.58 | 5.16 |
| Debt to EBITDA | 2.5 | — | 0.83 | 3.49 | — | — | — | — |
| Debt to equity | 0.05 | — | 0.03 | 0.04 | 0.25 | 0.47 | 0.49 | 0.29 |
| Interest coverage | 2.8 | 0.4 | 6.9 | 8.6 | -2 | -9.4 | -1.5 | -0.1 |
| Asset turnover | 0.47 | — | 0.2 | 0.14 | 0.3 | 0.42 | 0.48 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | 2% | — | 1.6% | -3.8% | -2.1% | -14.8% | -2.1% | 1.8% |
| Return on capital employed % | 4.4% | — | 3.5% | 2.9% | -1.1% | -20.5% | -4.8% | -0.2% |
| Return on equity % | 2.3% | — | 1.9% | -4.6% | -3.4% | -27% | -3.9% | 2.7% |
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.