Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 12.9% | 8.3% | 12.3% | 8.5% | 15.9% | 15% |
| EBITDA margin % | 1.1% | -24.1% | -17.7% | -20.6% | -5.6% | -1.9% |
| EBIT margin % | -0.6% | -29% | -21.2% | -29% | -10.4% | -5.5% |
| PAT margin % | -5.4% | -40.8% | -30.6% | -87.9% | -36.4% | -10.3% |
| Working capital | ||||||
| Receivable days | — | 194 | 37 | 2 | 0 | 10 |
| Inventory days | — | 19 | 22 | 31 | 2 | 35 |
| Payable days | — | 67 | 33 | 54 | 46 | 92 |
| NWC days | — | 146 | 26 | -21 | -44 | -46 |
| Leverage | ||||||
| Current ratio | — | 0.84 | 0.36 | 0.09 | 0.03 | 0.11 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | — | 0.9 | 3.84 | -2.22 | -1.34 | -1.34 |
| Interest coverage | 0 | -4.5 | -4.6 | -1.6 | -0.3 | 0.1 |
| Asset turnover | — | 0.65 | 1.2 | 0.78 | 0.73 | 0.77 |
| Return ratios | ||||||
| Return on assets % | — | -26.7% | -36.8% | -68.4% | -26.5% | -8% |
| Return on capital employed % | — | -36.6% | -45% | -70.1% | 10.5% | -3.6% |
| Return on equity % | — | -81.6% | -299.2% | 181.7% | 44% | 15.3% |
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.