Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.7% | 22.4% | 24.8% | 55.5% | 34.1% | 60% |
| EBITDA margin % | -112.6% | -86.4% | -110.3% | -42.6% | -52.1% | -69.8% |
| EBIT margin % | -127.8% | -88.3% | -112.5% | -45.7% | -53.4% | -70.9% |
| PAT margin % | -78.4% | -92.5% | -115.6% | -47.1% | -29.3% | -72.5% |
| Working capital | ||||||
| Receivable days | — | 101 | 105 | 91 | 0 | 205 |
| Inventory days | — | 11 | 0 | 0 | 0 | 164 |
| Payable days | — | 125 | 183 | 152 | 2 | 75 |
| NWC days | — | -14 | -78 | -62 | -2 | 293 |
| Leverage | ||||||
| Current ratio | — | 0.69 | 0.58 | 0.76 | 18.36 | 3.28 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | — | -2.05 | -1.99 | -2.01 | 0.82 | 0.64 |
| Interest coverage | -17.8 | -19.4 | -36.7 | -25.8 | — | -116.5 |
| Asset turnover | — | 0.14 | 0.16 | 0.22 | 0.4 | 0.32 |
| Return ratios | ||||||
| Return on assets % | — | -12.9% | -18.9% | -10.5% | -11.7% | -23% |
| Return on capital employed % | — | -15.5% | -23.4% | -12.9% | -21.3% | -28.7% |
| Return on equity % | — | 14.8% | 19% | 10.2% | -21.5% | -45.6% |
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.