Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 89.8% | 89.1% | 87.2% | — | 88.9% | 89% | 90% | 89.5% |
| EBITDA margin % | 19.5% | -1.9% | -158.8% | 44.9% | 33.9% | 37.1% | 42.8% | 31% |
| EBIT margin % | -22.8% | -123.2% | -594.2% | -82.1% | 54.2% | 6.6% | 21.1% | 4.8% |
| PAT margin % | -144.7% | -198.7% | -1,223.3% | -338.8% | 142.5% | 208% | 18.8% | 0.2% |
| Working capital | ||||||||
| Receivable days | 14 | 9 | 33 | 17 | 7 | 6 | 9 | 6 |
| Inventory days | 212 | 1,401 | 10,698 | 1,048 | 196 | 204 | 178 | 183 |
| Payable days | 404 | — | 4,145 | 234 | 301 | 304 | 367 | 242 |
| NWC days | -178 | — | 6,587 | 831 | -98 | -94 | -181 | -53 |
| Leverage | ||||||||
| Current ratio | 0.05 | 0.08 | 0.07 | 0.08 | 0.16 | 0.48 | 0.61 | 0.51 |
| Debt to EBITDA | 22.85 | — | — | 33.35 | 9.48 | 2.62 | 0.95 | 2.95 |
| Debt to equity | 17.37 | -3.06 | -1.74 | -1.25 | 3.43 | 0.32 | 0.13 | 0.27 |
| Interest coverage | -0.4 | -1.6 | -0.7 | -0.3 | 4.2 | 22.8 | 8.9 | 1.4 |
| Asset turnover | 0.18 | 0.19 | 0.02 | 0.08 | 0.23 | 0.24 | 0.22 | 0.21 |
| Return ratios | ||||||||
| Return on assets % | -26.4% | -38.6% | -28.7% | -28% | 32.3% | 49.3% | 4.1% | 0% |
| Return on capital employed % | -7.2% | 171.8% | 17.2% | 6.5% | 48.8% | 5.7% | 8.1% | 1.8% |
| Return on equity % | -563.1% | 113.1% | 43.5% | 28.3% | 151.9% | 68.1% | 6.2% | 0.1% |
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.