Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | 38.9% | 16.6% | 16.5% | 21.1% | 22.5% |
| EBITDA margin % | — | -1,710% | -60.9% | -5.2% | 0.9% | 3.7% | -1.1% |
| EBIT margin % | — | -1,710% | -69.8% | -5.5% | 0.6% | 3.4% | -1.3% |
| PAT margin % | — | 10% | 3,959% | -6.9% | 7.6% | 1.2% | -2.2% |
| Working capital | |||||||
| Receivable days | — | 0 | 44 | 4 | 3 | — | — |
| Inventory days | — | 0 | 1,638 | 114 | 72 | 55 | 63 |
| Payable days | — | 0 | 1,922 | 71 | 43 | — | — |
| NWC days | — | 0 | -240 | 47 | 31 | — | — |
| Leverage | |||||||
| Current ratio | 142.09 | 156.28 | 1.2 | 0.92 | 0.82 | — | — |
| Debt to EBITDA | — | — | — | — | 22.55 | 3.49 | — |
| Debt to equity | — | 0 | 0.17 | 2.29 | 1.38 | 0.96 | 1.38 |
| Interest coverage | 0.7 | — | 312.8 | -4.3 | 5.4 | 2.6 | -1.2 |
| Asset turnover | 0 | 0 | 0.02 | 1.88 | 2.08 | 2.61 | 2.72 |
| Return ratios | |||||||
| Return on assets % | -22.6% | 0% | 61% | -13.1% | 15.8% | 3.1% | -6% |
| Return on capital employed % | 0.1% | 0% | 139.2% | -35.2% | 90.5% | — | — |
| Return on equity % | -22.6% | 0% | 79.3% | -69.8% | 50.6% | 8.8% | -21.6% |
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.