Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 53.4% | 50.6% | 50.1% | 49.9% | 48.5% | ||
| 36.4% |
| — |
| EBITDA margin % | -6.5% | -6.8% | -7.1% | -10.6% | -16.6% | -15.7% | — |
| EBIT margin % | -11.3% | -12% | -10.1% | -12% | -17.6% | -16.9% | — |
| PAT margin % | -26.9% | -39.1% | -25.6% | -16% | -26.9% | 344.8% | — |
| Working capital | |||||||
| Receivable days | — | 46 | 66 | 26 | 34 | 123 | — |
| Inventory days | — | 23 | 13 | 9 | 10 | 1 | — |
| Payable days | — | 204 | 269 | 135 | 202 | 1,053 | — |
| NWC days | — | -136 | -190 | -100 | -159 | -929 | — |
| Leverage | |||||||
| Current ratio | — | 0.17 | 0.18 | 0.15 | 0.15 | 0.35 | 0.24 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | -3.3 | -2.18 | -1.37 | -0.97 | -0.02 | -0.01 |
| Interest coverage | -0.5 | -0.5 | -0.7 | -1.2 | -1.7 | 40.7 | — |
| Asset turnover | — | 0.59 | 0.98 | 2.91 | 3.45 | 1.5 | 0 |
| Return ratios | |||||||
| Return on assets % | — | -22.9% | -25% | -46.5% | -93% | 517.4% | 0% |
| Return on capital employed % | — | 169.1% | 29% | 30.9% | 24.9% | -291% | -0% |
| Return on equity % | — | 127% | 58.8% | 43.6% | 38.3% | -261.8% | -0% |
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.