Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 11.7% | 3.7% | -8.9% | -101.4% | -39.3% | -4% | -5.7% | -8.3% |
| EBIT margin % | -4.3% | -11.7% | -33.2% | -150.3% | -75.6% | -28.5% | -27.9% | -28.2% |
| PAT margin % | -15.2% | -20.8% | -99.2% | -201.3% | -119.8% | -67.2% | -100.9% | 177.6% |
| Working capital | ||||||||
| Receivable days | 431 | — | — | 126 | 172 | 148 | 126 | 0 |
| Inventory days | — | — | — | 0 | 0 | 0 | 0 | 0 |
| Payable days | 92 | — | — | 71 | 54 | 54 | 50 | 1 |
| NWC days | — | — | — | 55 | 118 | 94 | 76 | -1 |
| Leverage | ||||||||
| Current ratio | 0.81 | — | — | 1.16 | 2 | 2.26 | 2.59 | 0.42 |
| Debt to EBITDA | 25.9 | — | — | — | — | — | — | — |
| Debt to equity | 1.86 | — | — | -3.33 | -2.7 | -2.13 | -2.23 | -1.38 |
| Interest coverage | 0 | -0.6 | -1 | -2.2 | -0.9 | -0.3 | -0.3 | -0.2 |
| Asset turnover | 0.11 | — | — | 0.19 | 0.25 | 0.39 | 0.49 | 3.13 |
| Return ratios | ||||||||
| Return on assets % | -1.6% | — | — | -38.4% | -30.5% | -26.5% | -49.1% | 556.3% |
| Return on capital employed % | 0.1% | — | — | -31.2% | -17% | -6.8% | -8.5% | -12.5% |
| Return on equity % | -9.3% | — | — | 113.3% | 59.7% | 37.1% | 44.1% | -215.5% |
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.