Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 28.4% | 43.5% | 26.8% | 17.1% | -9.2% | -20.2% | 26.5% | 7.2% |
| EBITDA margin % | 21.1% | 24.5% | 11.8% | -0.1% | -93% | -103.5% | 7.5% | -27.4% |
| EBIT margin % | 20.7% | 23.5% | 10.7% | -0.9% | -95.1% | -106.2% | 6.8% | -30.1% |
| PAT margin % | 10.2% | 3.7% | 0.3% | -9.5% | -103.6% | -250.9% | 8.9% | -50.4% |
| Working capital | ||||||||
| Receivable days | — | — | 72 | — | 47 | 56 | 9 | 5 |
| Inventory days | — | — | 2,028 | — | 2,746 | 3,510 | 2,746 | 2,824 |
| Payable days | — | — | 99 | — | 245 | 290 | 206 | 212 |
| NWC days | — | — | 2,002 | — | 2,549 | 3,275 | 2,548 | 2,617 |
| Leverage | ||||||||
| Current ratio | — | — | 1.72 | — | 2.45 | 2.06 | 1.86 | 2.38 |
| Debt to EBITDA | — | — | 5.98 | — | — | — | 27.63 | — |
| Debt to equity | — | — | 0.31 | — | 0.07 | 0.11 | 0.49 | 0.53 |
| Interest coverage | 2.8 | 2 | 1.3 | 0.8 | -18 | -41.6 | 1.1 | -0.6 |
| Asset turnover | — | — | 0.17 | — | 0.09 | 0.07 | 0.11 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.1% | — | -9.3% | -17.8% | 0.9% | -4.1% |
| Return on capital employed % | — | — | 7.5% | — | -12.4% | -10.6% | 6.2% | -2.4% |
| Return on equity % | — | — | 0.1% | — | -16.6% | -37.7% | 2.1% | -8.8% |
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.