Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 33% | 23.9% | — | — | — | — |
| EBITDA margin % | -24.5% | -164.5% | 46.2% | 44.3% | 31.7% | 40.5% |
| EBIT margin % | -39.4% | -202.9% | -37.8% | -49.3% | -45.6% | -33.9% |
| PAT margin % | 1.8% | 1,194.2% | -123.9% | -149% | 1.7% | 46.2% |
| Working capital | ||||||
| Receivable days | 15 | 13 | 4 | 0 | 0 | 0 |
| Inventory days | 97 | 160 | 0 | 0 | 0 | 0 |
| Payable days | 277 | 24 | 51 | 18 | 15 | 14 |
| NWC days | -165 | 149 | -47 | -18 | -15 | -14 |
| Leverage | ||||||
| Current ratio | 1.73 | 65.6 | 5.35 | 5.02 | 8.77 | 13.14 |
| Debt to EBITDA | — | — | 3.96 | 3.34 | 3.6 | 2.68 |
| Debt to equity | 0 | 0 | 0.09 | 0.09 | 0.08 | 0.07 |
| Interest coverage | — | — | -2.5 | -1.7 | -2.5 | -0.7 |
| Asset turnover | 0.1 | 0.02 | 0.04 | 0.05 | 0.06 | 0.06 |
| Return ratios | ||||||
| Return on assets % | 0.2% | 28.3% | -5.1% | -7.7% | 0.1% | 2.8% |
| Return on capital employed % | -2.7% | 34.9% | -1% | -1.3% | -2% | -0.6% |
| Return on equity % | 0.2% | 29.4% | -5.8% | -8.9% | 0.1% | 3.2% |
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.