Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 48.5% | 78.6% | 72.4% | 85.2% | 83% | ||
| 67% |
| 9.6% |
| EBITDA margin % | -61.6% | -30.3% | 3.1% | 8.8% | 8.5% | -7.1% | -15.1% |
| EBIT margin % | -98.4% | -72.3% | -13.4% | -8.5% | -4.8% | -19.3% | -21.9% |
| PAT margin % | -91.8% | -83.2% | -77.5% | -43.3% | 6.3% | -14.2% | -17.1% |
| Working capital | |||||||
| Receivable days | 39 | 73 | 44 | 55 | 46 | 57 | 33 |
| Inventory days | 84 | 143 | 180 | 318 | 206 | 123 | 40 |
| Payable days | 79 | 298 | 214 | 527 | 480 | 427 | 136 |
| NWC days | 44 | -81 | 10 | -154 | -228 | -247 | -63 |
| Leverage | |||||||
| Current ratio | 1.02 | 1.11 | 0.52 | 0.42 | 0.45 | 0.44 | 1.1 |
| Debt to EBITDA | — | — | 32.2 | 10.15 | 8.69 | — | — |
| Debt to equity | 0.88 | 1.48 | 5.95 | -3.93 | -4.83 | -2.97 | 0.48 |
| Interest coverage | -3.4 | -2.2 | -0.1 | -0.4 | 2 | -0.9 | -5.8 |
| Asset turnover | 0.24 | 0.21 | 0.47 | 0.49 | 0.51 | 0.39 | 0.6 |
| Return ratios | |||||||
| Return on assets % | -21.8% | -17.9% | -36.5% | -21.2% | 3.2% | -5.5% | -10.2% |
| Return on capital employed % | -27.9% | -15.3% | -1% | -33.5% | -50.7% | 11.5% | -21.6% |
| Return on equity % | -49% | -51.2% | -457.2% | 190.8% | -41.3% | 45.2% | -19.9% |
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.