Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | 96.7% | 97.3% |
| EBITDA margin % | — | — | 49.6% | 60.5% | -0.2% | -71.9% |
| EBIT margin % | — | — | 49.3% | 60.1% | -1.2% | -72.9% |
| PAT margin % | — | — | -108.6% | 106.9% | -59.7% | -145.3% |
| Working capital | ||||||
| Receivable days | — | — | 149 | 253 | 178 | 274 |
| Inventory days | — | — | 0 | 2,291 | 68,577 | 1,17,056 |
| Payable days | — | — | 0 | 416 | 2,684 | 4,672 |
| NWC days | — | — | 149 | 2,128 | 66,071 | 1,12,657 |
| Leverage | ||||||
| Current ratio | 8.77 | 8.94 | 20.27 | 3.29 | 2.57 | 1.99 |
| Debt to EBITDA | — | — | 181.07 | 10.66 | — | — |
| Debt to equity | 2.75 | 3.73 | 4.04 | 2.32 | 2.96 | 0.9 |
| Interest coverage | -0.4 | -0.5 | 0.4 | 1.3 | 0.3 | -0.4 |
| Asset turnover | 0 | 0 | 0.01 | 0.08 | 0.05 | 0.04 |
| Return ratios | ||||||
| Return on assets % | -1.3% | -6.4% | -0.9% | 8.9% | -3.3% | -5.8% |
| Return on capital employed % | -0.3% | -0.4% | 0.4% | 2.4% | 1.8% | -2.7% |
| Return on equity % | -5.4% | -34.6% | -4.9% | 38.4% | -17.5% | -15.2% |
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.