Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 73.4% | 73.5% | 82.7% | 76.9% | 93.1% | 92.3% |
| EBITDA margin % | -53.2% | -61.2% | -49.8% | -13.3% | -50.6% | 15.6% |
| EBIT margin % | -73.8% | -73.1% | -68.8% | -23.8% | -63.6% | 14.8% |
| PAT margin % | -76.8% | -86.8% | -79.3% | -148.2% | -293.4% | 7.4% |
| Working capital | ||||||
| Receivable days | 93 | 75 | 75 | 100 | 3,444 | 234 |
| Inventory days | 0 | 0 | 0 | 0 | 73,806 | 4,009 |
| Payable days | 329 | 308 | 338 | 249 | 4,760 | 57 |
| NWC days | -236 | -233 | -263 | -148 | 72,490 | 4,186 |
| Leverage | ||||||
| Current ratio | 0.64 | 0.6 | 0.64 | 0.57 | 1.4 | 2.45 |
| Debt to EBITDA | — | — | — | — | — | 4.77 |
| Debt to equity | 0.27 | 0.48 | 0.76 | 1.44 | 0.76 | 1.25 |
| Interest coverage | -5.2 | -2.9 | -1.8 | -1 | -0.6 | 3.3 |
| Asset turnover | 0.11 | 0.1 | 0.1 | 0.22 | 0.03 | 0.48 |
| Return ratios | ||||||
| Return on assets % | -8.5% | -8.4% | -7.8% | -33% | -9.4% | 3.6% |
| Return on capital employed % | -7.6% | -5.8% | -5.7% | -3.9% | -0.9% | 15.6% |
| Return on equity % | -12.6% | -13.5% | -15.9% | -101% | -47.1% | 12.5% |
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.