Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 59.2% | 55.4% | 50% | 43.9% | 55.1% | 86.5% | 77.7% |
| EBITDA margin % | -47% | -2.3% | -23% | -84.1% | -55.7% | -821.9% | -299.8% |
| EBIT margin % | -49.5% | -5.5% | -26% | -86.7% | -57.6% | -824.8% | -303.1% |
| PAT margin % | -53.1% | -8.7% | -28.5% | -594.3% | -525.4% | -1,634.1% | 4,692.6% |
| Working capital | |||||||
| Receivable days | — | — | — | 722 | 1,612 | 1,179 | 825 |
| Inventory days | — | — | — | 1 | 2 | 6 | 0 |
| Payable days | — | — | — | 394 | 1,093 | 6,110 | 625 |
| NWC days | — | — | — | 329 | 520 | -4,925 | 200 |
| Leverage | |||||||
| Current ratio | — | — | — | 0.29 | 0.24 | 0.09 | 1.2 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | -0.93 | -0.74 | -0.52 | 0.17 |
| Interest coverage | -3.4 | 0.1 | -0.8 | -0.1 | -0.1 | -1 | -1 |
| Asset turnover | — | — | — | 0.18 | 0.08 | 0.09 | 0.09 |
| Return ratios | |||||||
| Return on assets % | — | — | — | -107.9% | -44.2% | -146.6% | 418.8% |
| Return on capital employed % | — | — | — | 8.6% | 1.2% | 14.7% | -38.6% |
| Return on equity % | — | — | — | 68.1% | 21% | 29.1% | 604.4% |
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.