Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 4.1% | 11.5% | 16.9% | 18.4% | 2.2% | -7.1% | -4.8% | 2.1% |
| EBIT margin % | 1.4% | 8.3% | 13.8% | 16.3% | 0.2% | -9.4% | -8% | -4.2% |
| PAT margin % | -3.5% | 1.1% | 11.6% | 14.3% | -0.3% | -4.3% | -25.8% | 7.3% |
| Working capital | ||||||||
| Receivable days | 93 | — | 99 | 72 | 76 | 69 | 35 | 119 |
| Inventory days | 142 | — | 176 | 197 | 353 | 374 | 0 | 0 |
| Payable days | — | — | 133 | 119 | 126 | 89 | 22 | 61 |
| NWC days | — | — | 142 | 149 | 303 | 355 | 13 | 59 |
| Leverage | ||||||||
| Current ratio | 0.76 | — | 0.9 | 1.11 | 0.98 | 2.16 | 0.26 | 0.26 |
| Debt to EBITDA | 14.21 | — | 3.03 | 2 | 42.35 | — | — | 71.3 |
| Debt to equity | 3.71 | — | 4.42 | 2.86 | 8.61 | 1.1 | 0.59 | 0.63 |
| Interest coverage | 0.1 | 2 | 4.4 | 10.5 | 0.5 | -0.5 | -0.2 | -0.3 |
| Asset turnover | 0.61 | — | 0.57 | 0.64 | 0.45 | 0.23 | 0.81 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | -2.1% | — | 6.6% | 9.2% | -0.1% | -1% | -20.9% | 1.7% |
| Return on capital employed % | 0.6% | — | 17.4% | 22.9% | 2.2% | -1% | -0.5% | -1.2% |
| Return on equity % | -21.9% | — | 100% | 111% | -2.3% | -6% | -37.5% | 3.2% |
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.