Consolidated figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 28.6% | -27.3% | -10.4% | 4.7% | -26.5% | -3.3% | 17.2% | 18.3% |
| EBIT margin % | 9.6% | -69.4% | -49.7% | -49.3% | -87.6% | -40.8% | -24.1% | -32.3% |
| PAT margin % | -6.8% | -108.1% | 423.6% | -109.3% | 750% | 96.1% | 21.8% | -26% |
| Working capital | ||||||||
| Receivable days | 72 | 98 | 102 | 73 | 77 | 43 | 59 | 86 |
| Inventory days | 66 | 86 | 85 | 110 | 86 | 86 | 116 | 115 |
| Payable days | 35 | — | 103 | 157 | 196 | 93 | 100 | 108 |
| NWC days | 103 | — | 84 | 26 | -32 | 36 | 75 | 93 |
| Leverage | ||||||||
| Current ratio | 0.77 | 0.56 | 0.08 | 0.06 | 0.19 | 0.42 | 1.98 | 0.95 |
| Debt to EBITDA | 9.3 | — | — | 228.39 | — | — | 4.84 | 9.59 |
| Debt to equity | 2.12 | 2.16 | -3.62 | -2.74 | 3.3 | 0.42 | 0.2 | 0.5 |
| Interest coverage | 0.6 | -1.8 | -1.7 | -1.3 | -5.1 | -1.4 | -3.8 | -2.3 |
| Asset turnover | 0.21 | 0.09 | 0.13 | 0.12 | 0.2 | 0.27 | 0.18 | 0.17 |
| Return ratios | ||||||||
| Return on assets % | -1.4% | -9.9% | 56.8% | -13% | 153.2% | 26.4% | 4% | -4.5% |
| Return on capital employed % | 2.4% | -7.4% | -5.5% | 9.6% | -163.2% | -14.1% | -6.2% | -6.4% |
| Return on equity % | -5.4% | -38.4% | -175.8% | 27.8% | 805.7% | 45.7% | 5.3% | -7.4% |
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.