Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 45.7% | 48% | 49.2% | 2.9% | — | — | — | — |
| EBITDA margin % | -8% | 5.1% | -8.1% | -84.3% | 9.7% | 44.1% | — | — |
| EBIT margin % | -18.6% | -13% | -50.2% | -184.5% | -119.3% | 35.6% | — | — |
| PAT margin % | -0.3% | -16.4% | -16.1% | -1,108.5% | -1,819.3% | -117% | — | — |
| Working capital | ||||||||
| Receivable days | — | — | 109 | 463 | 602 | 2,035 | — | — |
| Inventory days | — | — | 198 | 790 | 0 | 0 | — | — |
| Payable days | — | — | 219 | 1,079 | 2,768 | 4,596 | — | — |
| NWC days | — | — | 88 | 175 | -2,166 | -2,560 | — | — |
| Leverage | ||||||||
| Current ratio | — | — | 0.49 | 0.71 | 0.25 | 0.31 | 0.02 | 0.65 |
| Debt to EBITDA | — | — | — | — | 280.36 | 67.62 | — | — |
| Debt to equity | — | — | 0.45 | 1.03 | 5.53 | -4.6 | -1.53 | 1.21 |
| Interest coverage | -16.8 | -2.3 | -1.8 | -6 | -0.2 | 0.4 | -0.9 | -37.5 |
| Asset turnover | — | — | 0.36 | 0.07 | 0.02 | 0.03 | 0 | 0 |
| Return ratios | ||||||||
| Return on assets % | — | — | -5.7% | -80.9% | -36.4% | -3.3% | -4.7% | 47.9% |
| Return on capital employed % | — | — | -25.9% | -18.3% | -1% | 5.6% | -2.3% | -3.5% |
| Return on equity % | — | — | -17.2% | -247.5% | -371.7% | 18% | 22.8% | 178.6% |
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.