Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 79.7% | 80.3% | 85.3% | 85.1% | — | — |
| EBITDA margin % | -9.2% | 4% | 5.3% | -2.1% | — | -3,160% |
| EBIT margin % | -27.8% | -10.5% | -8.8% | -17.9% | — | -3,160% |
| PAT margin % | -11.4% | -9.6% | -18% | 76.8% | — | 8,280% |
| Working capital | ||||||
| Receivable days | 11 | 9 | 14 | 0 | — | 0 |
| Inventory days | 42 | 40 | 32 | 0 | — | 0 |
| Payable days | 373 | 429 | 584 | 216 | — | 87 |
| NWC days | -320 | -380 | -539 | -216 | — | -87 |
| Leverage | ||||||
| Current ratio | 2.43 | 1.56 | 2.66 | 17.67 | 5.15 | 11.32 |
| Debt to EBITDA | — | 15.53 | 10.15 | — | — | — |
| Debt to equity | 0 | 0.67 | 0.72 | 0 | 0 | 0 |
| Interest coverage | -1.5 | -0.3 | -0.2 | -0.8 | 58 | — |
| Asset turnover | 0.41 | 0.54 | 0.62 | 0.51 | 0 | 0 |
| Return ratios | ||||||
| Return on assets % | -4.7% | -5.1% | -11.2% | 39.1% | 1.1% | 11% |
| Return on capital employed % | -7.6% | -1.2% | -0.8% | -3.4% | 0.8% | 14.6% |
| Return on equity % | -8.9% | -10.3% | -24.1% | 41.4% | 1.3% | 12.1% |
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.