Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 98.9% | — | — | — | — | — |
| EBITDA margin % | -9.3% | -40.4% | -60.1% | -13.2% | -8.7% | -14.2% | 0.3% | -13.2% |
| EBIT margin % | -19.3% | -54.2% | -87% | -29.3% | -19.1% | -26.1% | -10.7% | -23.4% |
| PAT margin % | -5.4% | -37.9% | 0.6% | 13.8% | -0.8% | -2.6% | 14.5% | -4.2% |
| Working capital | ||||||||
| Receivable days | 46 | — | 111 | 64 | 43 | 25 | 35 | 23 |
| Inventory days | 5 | — | 1,014 | 6 | 2 | 2 | 0 | 0 |
| Payable days | — | — | 4,137 | 19 | 19 | 22 | 27 | 30 |
| NWC days | — | — | -3,011 | 51 | 26 | 5 | 8 | -8 |
| Leverage | ||||||||
| Current ratio | 1.92 | — | 2.11 | 2.37 | 3.18 | 1.2 | 1 | 0.78 |
| Debt to EBITDA | — | — | — | — | — | — | 7.14 | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0.01 | 0.02 |
| Interest coverage | -108.5 | -116.6 | 3.1 | 10.2 | 0.1 | -0.6 | 21.3 | -6.2 |
| Asset turnover | 0.41 | — | 0.19 | 0.29 | 0.41 | 0.41 | 0.42 | 0.42 |
| Return ratios | ||||||||
| Return on assets % | -2.2% | — | 0.1% | 4% | -0.3% | -1.1% | 6.1% | -1.8% |
| Return on capital employed % | -4.4% | — | 0.8% | 4.1% | 0% | -0.3% | 9.3% | -2.3% |
| Return on equity % | -2.6% | — | 0.1% | 4.4% | -0.4% | -1.3% | 7.5% | -2.1% |
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.