Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 87.9% | 96% | 94.4% | 94.2% | 97.7% | 97.1% | — | — |
| EBITDA margin % | -55.7% | -87.6% | -50.4% | -46% | -16.8% | 31.5% | 23.7% | -89.8% |
| EBIT margin % | -60.7% | -94.5% | -64% | -61.3% | -30.2% | 23.6% | 16% | -111.9% |
| PAT margin % | -36.5% | -119.4% | -59.7% | -57.5% | -28.8% | 30.8% | 16.8% | -113.4% |
| Working capital | ||||||||
| Receivable days | — | — | 106 | 51 | 11 | 69 | 30 | 123 |
| Inventory days | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | — | 0 | 335 | 1,304 | 636 | 10 | 12 |
| NWC days | — | — | 106 | -284 | -1,293 | -567 | 20 | 111 |
| Leverage | ||||||||
| Current ratio | — | — | 14.44 | 4.66 | 3.19 | 3.34 | 4.84 | 2.37 |
| Debt to EBITDA | — | — | — | — | — | 0 | 0 | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | -118.9 | -101.4 | -77.4 | — | -38.5 | 102.9 | 97.4 | -32.5 |
| Asset turnover | — | — | 0.5 | 0.58 | 0.7 | 0.87 | 0.79 | 0.45 |
| Return ratios | ||||||||
| Return on assets % | — | — | -29.6% | -33.1% | -20.1% | 26.9% | 13.2% | -50.6% |
| Return on capital employed % | — | — | -30.6% | -22.1% | -22.6% | 43% | 17.3% | -51.3% |
| Return on equity % | — | — | -38% | -40.3% | -28.5% | 37.7% | 16.8% | -97.4% |
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.