Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | 82.9% | 76.7% | — | — | — |
| EBITDA margin % | 17% | 27.2% | 34% | 62.2% | 85.8% | 82.2% | -363.9% |
| EBIT margin % | -3.8% | 10.4% | 18.2% | 43.3% | 64.8% | 54.2% | -391.5% |
| PAT margin % | -40.2% | -301.9% | 307.1% | 144.8% | 19.6% | 74.5% | -1,717% |
| Working capital | |||||||
| Receivable days | — | 2 | 199 | 8 | 17 | 14 | 0 |
| Inventory days | — | 1 | 187 | 7 | 26 | 35 | 0 |
| Payable days | — | 70 | 207 | 17 | 28 | 28 | 1 |
| NWC days | — | -66 | 179 | -3 | 15 | 21 | -1 |
| Leverage | |||||||
| Current ratio | — | 0.18 | 0.27 | 0.64 | 0.73 | 0.39 | 0.8 |
| Debt to EBITDA | — | 11.67 | 36.03 | 4.45 | 4.96 | 5.11 | — |
| Debt to equity | — | -0.28 | -2.74 | -5.09 | -3.89 | -5.46 | -0.48 |
| Interest coverage | -0 | 0.2 | 0.4 | 0.9 | 1.5 | 1.2 | -9.9 |
| Asset turnover | — | 0.02 | 0.07 | 0.28 | 0.14 | 0.16 | 0.14 |
| Return ratios | |||||||
| Return on assets % | — | -4.7% | 22.8% | 39.9% | 2.7% | 11.6% | -242.7% |
| Return on capital employed % | — | 0.3% | 2.3% | 47.4% | 20.7% | 19% | -36.7% |
| Return on equity % | — | 27.1% | -68.7% | -266.7% | -17.9% | -96.8% | 94.9% |
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.