Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 29.7% | 33.9% | 62.4% | 63.4% | 61.2% | 24.8% |
| EBITDA margin % | 10% | -1.9% | 13.8% | 15.5% | 4.8% | -4.4% |
| EBIT margin % | 6.2% | -9.7% | 5.7% | 8.8% | -2.2% | -8.1% |
| PAT margin % | 9.1% | -6.4% | -5% | -4.8% | 422.2% | 54.7% |
| Working capital | ||||||
| Receivable days | 116 | 42 | 55 | 55 | 75 | 79 |
| Inventory days | 73 | 40 | 88 | 121 | 77 | 22 |
| Payable days | 62 | 47 | 92 | 171 | 116 | 104 |
| NWC days | 127 | 35 | 51 | 6 | 36 | -3 |
| Leverage | ||||||
| Current ratio | 0.2 | 0.06 | 0.06 | 0.07 | 0.15 | 0.56 |
| Debt to EBITDA | 29.77 | — | 62.07 | 47.57 | 67.15 | — |
| Debt to equity | -1.56 | -1.38 | -1.37 | -1.34 | -1.69 | -1.57 |
| Interest coverage | 4.3 | -6.9 | 0.4 | 0.5 | 0.2 | -0.1 |
| Asset turnover | 0.75 | 0.46 | 0.39 | 0.42 | 0.41 | 1.6 |
| Return ratios | ||||||
| Return on assets % | 6.8% | -2.9% | -1.9% | -2% | 174.2% | 87.7% |
| Return on capital employed % | -4.2% | 0.9% | -1.2% | -2% | -3.5% | -6.4% |
| Return on equity % | -4.8% | 1.2% | 0.8% | 0.9% | -223% | -85.9% |
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.