Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 11.4% | 3.2% | 0% | 0% | 0% |
| EBITDA margin % | -71.2% | -56.1% | -76.5% | -102.1% | -56.1% |
| EBIT margin % | -73.9% | -57.5% | -77.3% | -102.9% | -56.3% |
| PAT margin % | -6.4% | 3.9% | -217.8% | -82.5% | 399% |
| Working capital | |||||
| Receivable days | 188 | 76 | 53 | 73 | 14 |
| Inventory days | 1,488 | 1,262 | 900 | 1,244 | 305 |
| Payable days | 158 | 119 | 23 | 29 | 7 |
| NWC days | 1,519 | 1,218 | 930 | 1,288 | 312 |
| Leverage | |||||
| Current ratio | 5.1 | 5.43 | 5.66 | 5.07 | 21.62 |
| Debt to EBITDA | — | — | — | — | — |
| Debt to equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Interest coverage | -27 | 8 | — | — | 161.3 |
| Asset turnover | 0.03 | 0.03 | 0.05 | 0.04 | 0.1 |
| Return ratios | |||||
| Return on assets % | -0.2% | 0.1% | -10.8% | -3% | 38.8% |
| Return on capital employed % | -0.3% | 0.2% | -3.4% | -3.4% | 55.3% |
| Return on equity % | -0.2% | 0.1% | -11.7% | -3.3% | 39.5% |
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.