Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 68.7% | 56.2% | 56.9% | 40.4% | — | ||
| 50% |
| 58.4% |
| EBITDA margin % | -12.8% | -12.9% | 1.6% | -7,382.6% | — | 12.2% | -16.5% |
| EBIT margin % | -81.7% | -65.3% | -28.5% | -7,390.1% | — | 10.3% | -18.8% |
| PAT margin % | -390.5% | -317.2% | -261.4% | 1,116.7% | — | 37.4% | 14.7% |
| Working capital | |||||||
| Receivable days | — | 2,743 | 2,630 | 219 | — | 167 | 317 |
| Inventory days | — | 9,302 | 7,075 | 358 | — | 133 | 392 |
| Payable days | — | 2,110 | 1,837 | 2,292 | — | 264 | 357 |
| NWC days | — | 9,935 | 7,867 | -1,715 | — | 36 | 353 |
| Leverage | |||||||
| Current ratio | — | 0.76 | 0.67 | 1 | 1.24 | 1.29 | 5.67 |
| Debt to EBITDA | — | — | 1,906.64 | — | — | 9.1 | — |
| Debt to equity | — | 7.21 | 16.95 | 0 | 0.11 | 0.22 | 0.04 |
| Interest coverage | -0.2 | -0.3 | -0.1 | 810.2 | -32.8 | 161.3 | 42.3 |
| Asset turnover | — | 0.02 | 0.03 | 0.04 | 0 | 0.14 | 0.07 |
| Return ratios | |||||||
| Return on assets % | — | -5.8% | -6.6% | 39.9% | -1.6% | 5.2% | 1% |
| Return on capital employed % | — | -5.9% | -4.2% | 73% | -2.3% | 8.6% | 1.3% |
| Return on equity % | — | -57.3% | -146.2% | 60.3% | -2.8% | 7.4% | 1.1% |
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.