Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 63.2% | 70.5% | 67.7% | 79.4% | ||||
| 69.8% |
| 63.5% |
| — |
| 30.6% |
| EBITDA margin % | 4.1% | 7.2% | -6.4% | 2.2% | 0.2% | -14.7% | -7,341.2% | -1,204.1% |
| EBIT margin % | 4.1% | 7.2% | -7.8% | 1.6% | -0.4% | -16% | -8,252.9% | -1,293.2% |
| PAT margin % | 0.1% | 4.1% | -0.4% | 6.8% | 2.2% | -12.5% | -29,535.3% | -1,006.8% |
| Working capital | ||||||||
| Receivable days | 21 | 12 | 56 | 33 | 60 | 105 | 63,789 | 7,377 |
| Inventory days | 68 | 50 | 17 | 69 | 50 | 20 | 83 | 601 |
| Payable days | — | — | 163 | 75 | 121 | 155 | 706 | 13,931 |
| NWC days | — | — | -90 | 27 | -11 | -30 | 63,166 | -5,953 |
| Leverage | ||||||||
| Current ratio | 0.42 | 0.51 | 0.5 | 0.93 | 1.28 | 1.17 | 0.45 | 0.41 |
| Debt to EBITDA | 5.8 | 2.12 | — | 2.53 | 13.38 | — | — | — |
| Debt to equity | 0.59 | 0.41 | 0.09 | 0.09 | 0.04 | 0.06 | 0.12 | 0.13 |
| Interest coverage | 0.9 | 2.4 | -1.8 | 24.5 | 4.3 | -7.7 | -1.4 | -3.7 |
| Asset turnover | 1.15 | 1.32 | 0.64 | 1.17 | 1.3 | 0.77 | 0 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 0.1% | 5.4% | -0.2% | 7.9% | 2.8% | -9.6% | -27.1% | -7.7% |
| Return on capital employed % | 11.7% | 25.3% | -5% | 19.3% | 2.2% | -12.4% | -2.9% | -19.9% |
| Return on equity % | 0.3% | 11% | -0.3% | 10.2% | 3.7% | -12% | -45.8% | -15.5% |
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.