Consolidated figures
| Ratio | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 96.5% | 20.2% | 17.9% | -4.8% | 13.6% | 17.2% | 10.2% | 8.4% |
| EBITDA margin % | — | 11.2% | 11.3% | -12.6% | -71.6% | -0.4% | 0.6% | -0% |
| EBIT margin % | — | 8.6% | 9.2% | -15% | -77.2% | -7.7% | -9% | -3.5% |
| PAT margin % | -1.7% | -1.7% | 1.1% | -30.9% | -147.9% | 6.1% | 27.5% | 241.1% |
| Working capital | ||||||||
| Receivable days | 83 | 160 | 142 | 137 | 296 | 481 | 712 | 208 |
| Inventory days | 1,565 | 83 | 93 | 71 | 58 | 96 | 125 | 61 |
| Payable days | 2,933 | 145 | 164 | 111 | 185 | 286 | 408 | 146 |
| NWC days | -1,285 | 98 | 71 | 98 | 169 | 291 | 430 | 123 |
| Leverage | ||||||||
| Current ratio | 1.03 | 1.41 | 1.15 | 0.79 | 0.47 | 0.5 | 0.53 | 1.93 |
| Debt to EBITDA | — | 4.86 | 4.19 | — | — | — | 1,468.85 | — |
| Debt to equity | 4.18 | 2.06 | 1.94 | -561.67 | -2.37 | -2.49 | -2.53 | 0.51 |
| Interest coverage | -0.5 | 0.9 | 1.1 | -1.4 | -2.4 | -6.2 | 8.5 | 5.9 |
| Asset turnover | 0.31 | 0.6 | 0.68 | 0.63 | 0.28 | 0.2 | 0.13 | 0.4 |
| Return ratios | ||||||||
| Return on assets % | -0.5% | -1% | 0.7% | -19.3% | -42% | 1.2% | 3.6% | 96.6% |
| Return on capital employed % | -3.9% | 9.2% | 13.8% | -29.5% | 285.1% | 1.1% | -13.4% | 9.1% |
| Return on equity % | -3.8% | -6.4% | 4.5% | 19,635.5% | 94.1% | -2.7% | -8.6% | 336.5% |
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.