Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 44.3% | 85.2% | 26.1% | 54.4% | 69.2% | 98.9% | 64.8% |
| EBITDA margin % | 37.6% | 34.1% | 17.4% | 41.4% | 52.1% | -57.9% | -914.3% |
| EBIT margin % | 19.5% | 16.6% | -1.7% | 18.9% | 25.6% | -83.7% | -919.4% |
| PAT margin % | 3.1% | 2% | -4.2% | -6.8% | -23.3% | -91.8% | -1,203.1% |
| Working capital | |||||||
| Receivable days | 14 | 11 | 7 | 22 | 1 | 31 | 1 |
| Inventory days | 0 | 10 | 3 | 10 | 6 | 498 | 23 |
| Payable days | — | — | — | 765 | 1,522 | 1,53,034 | 16,398 |
| NWC days | — | — | — | -733 | -1,515 | -1,52,505 | -16,374 |
| Leverage | |||||||
| Current ratio | 0.6 | 0.8 | 0.81 | 0.75 | 0.49 | 0.55 | 0.16 |
| Debt to EBITDA | 3.03 | 2.32 | 5.13 | 4.92 | 4.14 | — | — |
| Debt to equity | 44.21 | 8.4 | 10.11 | 21.85 | -18.28 | -0.88 | -0.25 |
| Interest coverage | 1.2 | 1.3 | 0.3 | 1.1 | 1 | -2.7 | -8.9 |
| Asset turnover | 0.47 | 0.54 | 0.42 | 0.24 | 0.26 | 0.08 | 0.03 |
| Return ratios | |||||||
| Return on assets % | 1.4% | 1.1% | -1.8% | -1.6% | -6% | -7% | -39.5% |
| Return on capital employed % | 18.9% | 20.3% | 4.4% | 20.4% | 20.5% | -14.8% | -73.6% |
| Return on equity % | 118.6% | 21.1% | -47.5% | -73.4% | 197.5% | 48.2% | 67% |
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.