Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 50.8% | 39% | 30.1% | 29.3% | 21.8% | 28.4% |
| EBITDA margin % | 6.4% | -2.4% | 1% | -0.1% | -16.1% | -3.1% |
| EBIT margin % | 5.7% | -2.7% | 0.8% | -0.3% | -16.4% | -3.4% |
| PAT margin % | -2.1% | -6.8% | -8.8% | -7.7% | 73.2% | -2.2% |
| Working capital | ||||||
| Receivable days | 3 | — | 11 | 10 | 15 | 5 |
| Inventory days | 96 | — | 41 | 51 | 49 | 41 |
| Payable days | 41 | — | 34 | 50 | 42 | 14 |
| NWC days | 58 | — | 18 | 11 | 21 | 33 |
| Leverage | ||||||
| Current ratio | 0.22 | — | 0.2 | 0.25 | 0.95 | 0.9 |
| Debt to EBITDA | 5.7 | — | 129.04 | — | — | — |
| Debt to equity | 4.87 | — | -16.2 | -16.2 | 0.2 | 0.28 |
| Interest coverage | 0.8 | 0.4 | 0.2 | 0.2 | -1.5 | -0 |
| Asset turnover | 0.29 | — | 0.43 | 0.45 | 0.34 | 0.37 |
| Return ratios | ||||||
| Return on assets % | -0.6% | — | -3.8% | -3.4% | 25.1% | -0.8% |
| Return on capital employed % | 16.7% | — | 17.7% | 14.9% | -10% | -0% |
| Return on equity % | -28.4% | — | 110.1% | 105.2% | 37.5% | -1.2% |
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.