Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 24.7% | 29.9% | 0.5% | 9.7% | -12% | -10.9% | -28.8% | -40.6% |
| EBITDA margin % | 11% | 17% | -25% | -7.6% | -39.2% | -21.3% | -38.9% | -55.5% |
| EBIT margin % | 10.2% | 10.6% | -38.3% | -15.1% | -47.7% | -24.6% | -41.3% | -58.3% |
| PAT margin % | 4.2% | -8.7% | -49.5% | -26.2% | -45.4% | -25.1% | -43.9% | -55.6% |
| Working capital | ||||||||
| Receivable days | 110 | 111 | 298 | 227 | 0 | 81 | 73 | 77 |
| Inventory days | 3,497 | 3,826 | 6,625 | 6,066 | 4,394 | 2,144 | 1,996 | 2,551 |
| Payable days | — | — | 830 | 657 | 503 | 232 | 241 | 289 |
| NWC days | — | — | 6,093 | 5,637 | 3,892 | 1,992 | 1,827 | 2,340 |
| Leverage | ||||||||
| Current ratio | 1.25 | 1.23 | 1.17 | 1.1 | 1.07 | 1.02 | 0.95 | 0.97 |
| Debt to EBITDA | 10.25 | 5.64 | — | — | — | — | — | — |
| Debt to equity | 0.75 | 0.66 | 0.99 | 0.81 | 1.14 | 1.52 | -3.62 | -1.58 |
| Interest coverage | 2.1 | 1.4 | -0.9 | -0.6 | -3 | -2.9 | -2.9 | -2.5 |
| Asset turnover | 0.11 | 0.11 | 0.04 | 0.05 | 0.06 | 0.12 | 0.1 | 0.08 |
| Return ratios | ||||||||
| Return on assets % | 0.5% | -0.9% | -2.1% | -1.4% | -2.6% | -2.9% | -4.6% | -4.2% |
| Return on capital employed % | 4.7% | 5.1% | -5.1% | -3% | -16% | -20.3% | -44.4% | -72% |
| Return on equity % | 2.8% | -5.9% | -16.7% | -13% | -39.1% | -84.5% | 334.1% | 77.3% |
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.