Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 86.1% | 86.5% | 89.5% | 88.6% | 87.6% | 53.8% | 42.4% |
| EBITDA margin % | 8.6% | 14.2% | 14.2% | 7.2% | 8.8% | -20% | -23% |
| EBIT margin % | 4.4% | 9.7% | 11.1% | 4.4% | 5.4% | -32.4% | -31.5% |
| PAT margin % | -7.1% | 5.3% | -2.1% | -5.1% | -9.6% | 2,185.5% | -35.6% |
| Working capital | |||||||
| Receivable days | — | 42 | 32 | 36 | 43 | 46 | 43 |
| Inventory days | — | 140 | 174 | 197 | 212 | 111 | 82 |
| Payable days | — | 593 | 568 | 505 | 461 | 105 | 73 |
| NWC days | — | -411 | -362 | -272 | -206 | 52 | 52 |
| Leverage | |||||||
| Current ratio | — | 0.77 | 0.93 | 0.96 | 1.08 | 0.68 | 0.66 |
| Debt to EBITDA | — | 5.37 | 3.7 | 7.16 | 6.45 | — | — |
| Debt to equity | — | 10.22 | 3.71 | 4.09 | 23.91 | 0.44 | 0.59 |
| Interest coverage | 0.5 | 1.2 | 0.9 | 0.5 | 0.5 | -2.3 | -0.9 |
| Asset turnover | — | 0.82 | 1.05 | 1.1 | 1.18 | 0.32 | 0.37 |
| Return ratios | |||||||
| Return on assets % | — | 4.3% | -2.3% | -5.7% | -11.4% | 696% | -13.2% |
| Return on capital employed % | — | 14.7% | 19% | 10% | 11.2% | -4.3% | -4% |
| Return on equity % | — | 70.9% | -15.1% | -41.1% | -405.1% | 1,252.4% | -23.8% |
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.