Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 38.9% | 37.3% | 54.1% | 50.8% | 63.4% | 71.6% |
| EBITDA margin % | -10.9% | -6.3% | 12.8% | 11.1% | 15% | 15.2% |
| EBIT margin % | -17.3% | -11.4% | -5.4% | -4.7% | -5.5% | -9.4% |
| PAT margin % | -34.3% | -25% | -25.7% | -14.8% | -43.4% | -45.5% |
| Working capital | ||||||
| Receivable days | 31 | 12 | 25 | 33 | 25 | 24 |
| Inventory days | 100 | 74 | 109 | 73 | 115 | 168 |
| Payable days | 174 | 87 | 135 | 97 | 228 | 300 |
| NWC days | -43 | -1 | -2 | 9 | -88 | -108 |
| Leverage | ||||||
| Current ratio | 0.37 | 0.29 | 0.18 | 0.39 | 0.36 | 0.27 |
| Debt to EBITDA | — | — | 21.75 | 18.4 | 19.98 | 23.6 |
| Debt to equity | -1.74 | -1.58 | -4.85 | -15.98 | -5.32 | -3.82 |
| Interest coverage | -0.8 | -0.5 | -0.1 | -0.1 | -0 | -0.1 |
| Asset turnover | 0.8 | 1.05 | 0.35 | 0.41 | 0.36 | 0.31 |
| Return ratios | ||||||
| Return on assets % | -27.6% | -26.3% | -9% | -6.1% | -15.7% | -14.2% |
| Return on capital employed % | -83.5% | -65% | -2.3% | -1.6% | -0.2% | -2.6% |
| Return on equity % | 29.4% | 19.9% | 44.6% | 115.9% | 76.9% | 48.4% |
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.