Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 49.5% | — | — | — |
| EBITDA margin % | |||||
| -50.7% |
| -112% |
| -4% |
| -96.2% |
| -89.3% |
| EBIT margin % | -51% | -114.9% | -13.4% | -96.6% | -89.7% |
| PAT margin % | -33.4% | -32.9% | -27.1% | 252.6% | -71.9% |
| Working capital | |||||
| Receivable days | 146 | 195 | 107 | 329 | 622 |
| Inventory days | 3,310 | 4,254 | 1,524 | 1,780 | 2,412 |
| Payable days | 118 | 44 | 57 | 73 | 97 |
| NWC days | 3,338 | 4,404 | 1,574 | 2,036 | 2,937 |
| Leverage | |||||
| Current ratio | 2.09 | 0.98 | 1.15 | 1.78 | 1.56 |
| Debt to EBITDA | — | — | — | — | — |
| Debt to equity | 0.42 | 0.81 | 0.58 | 0.41 | 0.53 |
| Interest coverage | -10.6 | -13.6 | -0.4 | 16.3 | -4.7 |
| Asset turnover | 0.04 | 0.05 | 0.07 | 0.05 | 0.04 |
| Return ratios | |||||
| Return on assets % | -1.3% | -1.5% | -1.9% | 12% | -2.6% |
| Return on capital employed % | -1.7% | -3.2% | -0.4% | 17.7% | -4.2% |
| Return on equity % | -1.9% | -2.8% | -3.3% | 18.2% | -4.2% |
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.