Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 16.7% | — | — | — | — | — | — |
| EBITDA margin % | -41.5% | 7.6% | -425% | -25.9% | 31.2% | -136.2% | 1.5% | 45.6% |
| EBIT margin % | -61.7% | 4.5% | -679.2% | -104.9% | -9.2% | -191.4% | -10% | 38.9% |
| PAT margin % | -954% | 2.4% | -875% | -167.9% | -73.1% | -74.1% | -57.5% | -14.2% |
| Working capital | ||||||||
| Receivable days | — | — | 76 | 23 | 13 | 31 | 504 | 1,080 |
| Inventory days | — | — | 10,133 | 12,517 | 13,163 | 9,319 | 6,481 | 10,380 |
| Payable days | — | — | 426 | 365 | 719 | 786 | 737 | 1,208 |
| NWC days | — | — | 9,783 | 12,175 | 12,457 | 8,565 | 6,247 | 10,253 |
| Leverage | ||||||||
| Current ratio | — | — | 0.88 | 0.87 | 0.85 | 0.85 | 1.16 | 1.09 |
| Debt to EBITDA | — | — | — | — | 35.39 | — | 540.33 | 18.22 |
| Debt to equity | — | — | 0.64 | 0.72 | 0.75 | 0.76 | 0.14 | 0.17 |
| Interest coverage | -2.5 | 0.8 | -2 | -0.9 | -0.2 | -1.6 | 0.6 | 1 |
| Asset turnover | — | — | 0 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | — | — | -3.1% | -2% | -1.5% | -0.6% | -0.7% | -0.2% |
| Return on capital employed % | — | — | -5.3% | -2.5% | -0.5% | -3.6% | 2.9% | 3.3% |
| Return on equity % | — | — | -9% | -6.2% | -4.9% | -2.1% | -1% | -0.3% |
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.