Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 52.8% | 43.2% | 41.8% | 30.5% | 39.9% | 44.5% | 36.8% |
| EBITDA margin % | — | -14.8% | -34.3% | -61.2% | -46.1% | -67.7% | -88.1% | -78.4% |
| EBIT margin % | — | -18.5% | -39% | -66.8% | -50.7% | -72.8% | -93.3% | -83.2% |
| PAT margin % | 59.2% | 59.9% | -53.8% | 303.1% | -60.3% | 1,561.1% | -100.5% | -92.2% |
| Working capital | ||||||||
| Receivable days | 231 | 211 | 302 | 323 | 333 | 299 | 318 | 239 |
| Inventory days | — | 562 | 542 | 511 | 304 | 432 | 447 | 351 |
| Payable days | — | 338 | 324 | 312 | 211 | 355 | 396 | 483 |
| NWC days | — | 435 | 521 | 521 | 425 | 376 | 369 | 106 |
| Leverage | ||||||||
| Current ratio | 0 | 0.13 | 0.11 | 0.11 | 0.12 | 0.24 | 0.21 | 0.2 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | -0.05 | -0.03 | -0.79 | -0.89 | -0.87 | -0.59 | -0.54 | -0.51 |
| Interest coverage | 0.6 | -0 | -0.3 | -0.9 | -0.7 | -1 | -1 | -0.9 |
| Asset turnover | 0.37 | 0.36 | 0.3 | 0.27 | 0.29 | 0.27 | 0.27 | 0.27 |
| Return ratios | ||||||||
| Return on assets % | 21.6% | 21.5% | -16.1% | 83.1% | -17.7% | 422.6% | -27.2% | -24.6% |
| Return on capital employed % | -0.8% | 0% | 0.5% | 1.7% | 1.1% | 3.8% | 4% | 3.2% |
| Return on equity % | -3.3% | -3.4% | 2.3% | -12.7% | 2.9% | -145.6% | 7.5% | 6.5% |
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.