Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -78.6% | -107.7% | -63.8% | -42.7% | 6.3% | 36.8% | 52.8% | 11.3% |
| EBIT margin % | -83.4% | -127.1% | -96.2% | -70.9% | -12.5% | 21.1% | 43.3% | -4.6% |
| PAT margin % | -63.4% | -44.8% | -512.4% | 499.2% | 19.8% | 89.5% | 35.9% | 45.6% |
| Working capital | ||||||||
| Receivable days | 10 | 22 | 38 | 22 | 15 | 29 | 8 | 14 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 5 | 10 | 15 | 26 | 24 | 18 | 14 | 12 |
| NWC days | — | — | 23 | -4 | -9 | 11 | -5 | 2 |
| Leverage | ||||||||
| Current ratio | 5.81 | 6.64 | 16 | 14.61 | 15.62 | 24.75 | 4.96 | 6.29 |
| Debt to EBITDA | — | — | — | — | 2.5 | 0.15 | 0.13 | 0 |
| Debt to equity | 0.03 | 0.01 | 0.01 | 0.02 | 0.01 | 0 | 0.01 | 0 |
| Interest coverage | -28 | -7.9 | 13.7 | -7.3 | 9.8 | 30.5 | 37.6 | 23.8 |
| Asset turnover | 0.11 | 0.07 | 0.05 | 0.04 | 0.07 | 0.08 | 0.12 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | -6.8% | -3.1% | -26.3% | 21.9% | 1.4% | 7.1% | 4.3% | 3.3% |
| Return on capital employed % | -6.1% | -2.4% | 4.9% | -2.2% | 2.3% | 9% | 10.5% | 4.8% |
| Return on equity % | -7.3% | -3.3% | -27.8% | 23.2% | 1.5% | 7.4% | 4.8% | 3.6% |
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.