Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 36.5% | 31.5% | 36.9% | 36% | — | — | 3.9% |
| EBITDA margin % | 0% | -19% | -0.9% | -9.1% | — | — | -11.1% |
| EBIT margin % | -2.4% | -25.7% | -4.4% | -16.2% | — | — | -11% |
| PAT margin % | -7.7% | -77.8% | -16.8% | -179.9% | — | — | -111.2% |
| Working capital | |||||||
| Receivable days | — | 18 | 12 | 0 | — | — | 61 |
| Inventory days | — | 106 | 58 | 7 | — | — | 10 |
| Payable days | — | 49 | 62 | 199 | — | — | 78 |
| NWC days | — | 75 | 7 | -192 | — | — | -8 |
| Leverage | |||||||
| Current ratio | — | 0.22 | 0.18 | 0.07 | 0.04 | 0.05 | 0.12 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | 1.76 | 2.68 | 3.58 | -9.39 | -2.57 | -0.79 |
| Interest coverage | -0.3 | -1.3 | -0.3 | -0.7 | — | — | -5.6 |
| Asset turnover | — | 0.34 | 0.62 | 0.1 | 0 | 0 | 0.76 |
| Return ratios | |||||||
| Return on assets % | — | -26.4% | -10.5% | -18.2% | -12.8% | -19.4% | -84.5% |
| Return on capital employed % | — | -18.7% | -6.8% | -3.3% | 0% | -2.7% | 6.9% |
| Return on equity % | — | -87.4% | -51.4% | -246.8% | 250.8% | 63.9% | 48.2% |
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.