Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 19.4% | 10.4% | 41.5% | 84.9% | 84.2% | 59.4% | — | — |
| EBITDA margin % | -3.7% | -12% | -71.3% | -147.1% | -233.9% | -176.2% | -210.4% | -274% |
| EBIT margin % | -4.4% | -12.5% | -72.5% | -149.2% | -235.7% | -177.9% | -212.3% | -275.6% |
| PAT margin % | -22.5% | -7.5% | -55.8% | 35.3% | -123.5% | -49.4% | -85.8% | -152.3% |
| Working capital | ||||||||
| Receivable days | — | — | 90 | 145 | 295 | 210 | 246 | 273 |
| Inventory days | — | — | 5 | 18 | 29 | 10 | 1 | 1 |
| Payable days | — | — | 235 | 2,589 | 4,089 | 1,647 | 273 | 221 |
| NWC days | — | — | -141 | -2,426 | -3,766 | -1,427 | -26 | 53 |
| Leverage | ||||||||
| Current ratio | — | — | 0.38 | 0.4 | 0.38 | 0.28 | 0.33 | 0.34 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | -2.24 | -1.92 | -1.4 | -1.32 | -1.22 | -1.12 |
| Interest coverage | -0.2 | -1.7 | -2.7 | -4.5 | -26.2 | -74.1 | -157.5 | -5.7 |
| Asset turnover | — | — | 0.54 | 0.14 | 0.06 | 0.07 | 0.06 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | — | — | -30.3% | 5% | -7.7% | -3.5% | -4.9% | -7.5% |
| Return on capital employed % | — | — | 79.7% | 31.1% | 20.1% | 10.3% | 9.3% | 9.1% |
| Return on equity % | — | — | 81.9% | -11.4% | 15.3% | 5.9% | 7.3% | 11.1% |
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.