Consolidated figures
| Ratio | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | -35.8% | -89.8% | 4% | -27.7% | -47.7% | -61.1% | -68.8% | -14.8% |
| EBIT margin % | -73.3% | -150.6% | -60.4% | -94.9% | -125.7% | -144.5% | -156.5% | -74.3% |
| PAT margin % | -98.9% | -227.5% | -177.4% | -226.6% | -311.7% | -409.2% | -476.7% | -324.9% |
| Working capital | ||||||||
| Receivable days | 60 | 141 | 203 | 213 | 229 | 234 | 293 | 126 |
| Inventory days | 1 | 2 | 2 | 2 | 1 | 2 | 2 | 2 |
| Payable days | 40 | 94 | 192 | 261 | 273 | 306 | 310 | 343 |
| NWC days | 22 | 49 | 13 | -46 | -42 | -70 | -15 | -215 |
| Leverage | ||||||||
| Current ratio | 0.47 | 0.5 | 0.59 | 0.43 | 0.47 | 0.55 | 0.41 | 0.35 |
| Debt to EBITDA | — | — | 457.72 | — | — | — | — | — |
| Debt to equity | -4.42 | -1.61 | -1.58 | -1.43 | -1.35 | -1.27 | -1.2 | -1.18 |
| Interest coverage | -1 | -0.9 | -0.2 | -0.2 | -0.2 | -0.2 | -0.1 | -0 |
| Asset turnover | 0.17 | 0.1 | 0.1 | 0.09 | 0.08 | 0.07 | 0.07 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | -16.6% | -22.1% | -18.4% | -21.1% | -25% | -30.5% | -32.5% | -30.8% |
| Return on capital employed % | -17% | -51.2% | -12.3% | -59.1% | 81.1% | -60.9% | 45.4% | 2.1% |
| Return on equity % | 87% | 27.2% | 15.3% | 13.9% | 14% | 13.8% | 12.4% | 10.4% |
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.