Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 13.9% | 15.9% | 3.9% | 4.3% | 12% | 1.8% | 16% |
| EBITDA margin % | -37.1% | -7.3% | -44.3% | -48.6% | -81% | -31.3% | -50.4% |
| EBIT margin % | -40% | -10.1% | -46.7% | -51.5% | -87.6% | -33% | -55.8% |
| PAT margin % | -28.9% | 10.5% | -45.1% | -5% | 37.6% | 5.1% | 12.9% |
| Working capital | |||||||
| Receivable days | — | 216 | 319 | 131 | 758 | 98 | 26 |
| Inventory days | — | 13 | 10 | 17 | 63 | 40 | 0 |
| Payable days | — | 266 | 332 | 110 | 346 | 33 | 43 |
| NWC days | — | -37 | -4 | 39 | 475 | 105 | -17 |
| Leverage | |||||||
| Current ratio | — | 9.15 | 6.35 | 10.91 | 33.33 | 30.77 | 54.9 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | -53.2 | 18.2 | -127.7 | -87.7 | 116 | 72 | 13 |
| Asset turnover | — | 0.04 | 0.05 | 0.04 | 0.01 | 0.08 | 0.04 |
| Return ratios | |||||||
| Return on assets % | — | 0.4% | -2.2% | -0.2% | 0.6% | 0.4% | 0.5% |
| Return on capital employed % | — | 0.5% | -2.2% | -1.5% | 0.7% | 0.4% | 0.6% |
| Return on equity % | — | 0.5% | -2.3% | -0.2% | 0.6% | 0.4% | 0.5% |
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.