Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | -31% | -7.6% | 35% | 27.1% | 26.1% | -21.9% |
| EBITDA margin % | -58.2% | -34.3% | 6.1% | 12.1% | 12.1% | -76.9% |
| EBIT margin % | -63.4% | -36.9% | 5.6% | 11.9% | 11.8% | -77.8% |
| PAT margin % | -79% | -43.9% | -13.6% | -2.1% | 1.4% | -88.7% |
| Working capital | ||||||
| Receivable days | 103 | 75 | 31 | 48 | 11 | 208 |
| Inventory days | 5 | 28 | 364 | 240 | 36 | 43 |
| Payable days | — | 170 | 277 | 208 | 150 | 260 |
| NWC days | — | -67 | 118 | 81 | -102 | -9 |
| Leverage | ||||||
| Current ratio | — | 0.21 | 0.5 | 0.65 | 0.14 | 0.21 |
| Debt to EBITDA | — | — | 44.82 | 13.08 | 10.63 | — |
| Debt to equity | -4.17 | -2.9 | -2.88 | -2.88 | -2.57 | -0.9 |
| Interest coverage | -3.9 | -1.2 | 0.3 | 0.8 | 1.1 | -1.8 |
| Asset turnover | 0.33 | 0.37 | 0.37 | 0.55 | 0.78 | 0.71 |
| Return ratios | ||||||
| Return on assets % | -25.7% | -16.4% | -5% | -1.2% | 1.1% | -62.6% |
| Return on capital employed % | — | -20.4% | 5.4% | 15.9% | 23.9% | 93.1% |
| Return on equity % | 127.6% | 42.8% | 14.3% | 3.8% | -2.9% | 29.5% |
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.