Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 91.6% | — | — | — | — | — |
| EBITDA margin % | -8.7% | -1.5% | -25.4% | -280.1% | -28.4% | 9.2% | 15.5% | 14.2% |
| EBIT margin % | -18.3% | -7.7% | -33.6% | -351.5% | -45.9% | 2.7% | 8.2% | 6.5% |
| PAT margin % | -16.9% | -77.1% | 133% | -189.9% | -58.2% | 4.4% | 12% | 12.9% |
| Working capital | ||||||||
| Receivable days | 219 | 155 | — | — | — | — | — | — |
| Inventory days | 79 | 18 | — | — | — | — | — | — |
| Payable days | — | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | 0.2 | 0.04 | — | 1.02 | 1.88 | 1.17 | 1.8 | 1.78 |
| Debt to EBITDA | — | — | — | — | — | 0.56 | 0.38 | 0.63 |
| Debt to equity | 8.31 | 2.89 | — | 0.1 | 0.1 | 0.02 | 0.03 | 0.04 |
| Interest coverage | -144.5 | -19.3 | -46.6 | -18 | -12.9 | 2.9 | 10.9 | 12.7 |
| Asset turnover | 0.03 | 0.04 | — | 0.03 | 0.13 | 0.31 | 0.34 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | -0.5% | -2.8% | — | -6% | -7.6% | 1.4% | 4.1% | 4.1% |
| Return on capital employed % | -0.5% | -0.3% | — | -8.4% | -6.2% | 3.1% | 5.6% | 5.8% |
| Return on equity % | -6% | -44.8% | — | -8.5% | -10.3% | 1.8% | 5.4% | 5.6% |
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.