Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | -11% | -106.3% | 73.8% | 73.1% | 69.1% | 86.6% | 21.6% |
| EBIT margin % | -11% | -106.3% | 73.8% | 73% | 69.1% | 86.6% | 21.6% |
| PAT margin % | 136.5% | -117.4% | 63.3% | 59.9% | 49.3% | 66.1% | 12.9% |
| Working capital | |||||||
| Receivable days | — | 220 | 27 | 10 | 9 | — | — |
| Inventory days | — | — | — | — | — | — | — |
| Payable days | — | — | — | — | — | 17 | 4 |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | — | — | 0.65 | 1.84 | 6.23 | 1.08 | 11.79 |
| Debt to equity | — | 0.25 | 0.18 | 0.28 | 0.41 | 0.24 | 0.1 |
| Interest coverage | 12.1 | -9.2 | 28 | 15.9 | 5.3 | 16.4 | 1.1 |
| Asset turnover | — | 0.1 | 0.3 | 0.16 | 0.07 | 0.2 | 0.04 |
| Return ratios | |||||||
| Return on assets % | — | -12.2% | 19.2% | 9.5% | 3.3% | 13% | 0.5% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | — | -15.7% | 24% | 12.6% | 4.7% | 16.7% | 0.5% |
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.