Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 1.2% | 2.8% | 0.8% | 0% | 6.6% |
| EBITDA margin % | -18.5% | -8.8% | -20.3% | -41.3% | -14.3% |
| EBIT margin % | -29.9% | -17.9% | -43.9% | -60.7% | -31.6% |
| PAT margin % | -35% | 28.5% | 91.9% | -114.7% | -36.2% |
| Working capital | |||||
| Receivable days | 162 | 0 | 383 | 387 | 119 |
| Inventory days | 0 | 0 | 0 | 0 | 0 |
| Payable days | 525 | 185 | 805 | 523 | 156 |
| NWC days | -363 | -185 | -422 | -136 | -36 |
| Leverage | |||||
| Current ratio | 0.19 | 0.01 | 0.25 | 0.44 | 0.28 |
| Debt to EBITDA | — | — | — | — | — |
| Debt to equity | -2.17 | -2.49 | -3.09 | -2.84 | -2.54 |
| Interest coverage | 0.5 | 1.3 | 1.7 | 0.2 | -2.3 |
| Asset turnover | 0.16 | 0.22 | 0.08 | 0.1 | 0.14 |
| Return ratios | |||||
| Return on assets % | -5.7% | 6.2% | 7.3% | -11.6% | -5.2% |
| Return on capital employed % | 10% | 161% | 24.7% | 5.7% | -5% |
| Return on equity % | 13.3% | -15.7% | -24.2% | 27% | 10% |
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.