Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 9.1% | 2.1% | 6% | 5.6% | 4.8% | 4.3% | 4.5% | — |
| EBITDA margin % | -69.7% | -12.4% | -24% | -9.4% | -13.2% | -38.8% | -24.4% | -17.8% |
| EBIT margin % | -69.7% | -12.4% | -24% | -12% | -16% | -41.1% | -27.3% | -17.8% |
| PAT margin % | 1,150.1% | 54.5% | 37.4% | -9.8% | 156.4% | 112.6% | 24.4% | 22.3% |
| Working capital | ||||||||
| Receivable days | 23 | 4 | 21 | 78 | 29 | 104 | 127 | 86 |
| Inventory days | — | — | — | 0 | 0 | 0 | 25 | 1 |
| Payable days | — | — | — | 20 | 12 | 5 | 24 | 1 |
| NWC days | — | — | — | 58 | 17 | 99 | 128 | 86 |
| Leverage | ||||||||
| Current ratio | 4.74 | 4.34 | 5.33 | 8.24 | 7.25 | 13.08 | 1.41 | 3.98 |
| Debt to EBITDA | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 85.7 | 117.8 | 50.3 | 18.6 | 30.2 | 1.8 | 15.2 | 56.3 |
| Asset turnover | 0.04 | 0.19 | 0.08 | 0.12 | 0.09 | 0.07 | 0.09 | 0.12 |
| Return ratios | ||||||||
| Return on assets % | 47.1% | 10.5% | 2.8% | -1.2% | 14% | 8% | 2.3% | 2.7% |
| Return on capital employed % | 5.4% | 3% | 1.8% | 3.5% | 3.7% | 0.4% | 1.6% | 1.4% |
| Return on equity % | 48.7% | 10.9% | 2.9% | -1.4% | 16.8% | 9.7% | 3.1% | 3.4% |
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.