Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93.1% | 21.9% | 11.9% | 10.9% | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93.1% | 21.9% | 11.9% | 10.9% | ||||
| 15% |
| 15.1% |
| 18.3% |
| 24.8% |
| EBITDA margin % | 10.4% | 5% | -69.2% | -0.4% | -21.8% | 3.8% | -5% | -1.1% |
| EBIT margin % | 9% | 4% | -72.6% | -1% | -23.6% | 3.2% | -5.9% | -2% |
| PAT margin % | 6.5% | 4.8% | -62.5% | -0.8% | -21.4% | 4.2% | -2.8% | -33.3% |
| Working capital | ||||||||
| Receivable days | 112 | 3 | 102 | — | 9 | 8 | 0 | 25 |
| Inventory days | 19,910 | 972 | 2,991 | — | 1,302 | 409 | 722 | 424 |
| Payable days | — | — | 65 | — | 16 | 34 | 40 | 10 |
| NWC days | — | — | 3,029 | — | 1,296 | 383 | 682 | 439 |
| Leverage | ||||||||
| Current ratio | 8.02 | 7.59 | 9.5 | — | 8.14 | 5.77 | 4.74 | 18.84 |
| Debt to EBITDA | 2.62 | 1.75 | — | — | — | 0.52 | — | — |
| Debt to equity | 0.05 | 0.03 | 0.03 | — | 0.02 | 0.02 | 0.03 | 0.02 |
| Interest coverage | 3.5 | 3.3 | -13.9 | -0.3 | -31.4 | 24.9 | -16.4 | -0.6 |
| Asset turnover | 0.15 | 0.26 | 0.08 | — | 0.2 | 0.58 | 0.33 | 0.54 |
| Return ratios | ||||||||
| Return on assets % | 1% | 1.2% | -5.1% | — | -4.2% | 2.4% | -0.9% | -17.9% |
| Return on capital employed % | 2.1% | 1.9% | -5.2% | — | -4.5% | 2.9% | -1.5% | -0.1% |
| Return on equity % | 1.2% | 1.6% | -6.3% | — | -5.4% | 3.2% | -1.3% | -20.6% |
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.