Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 97.6% | 98.2% | 97.9% | — | — | — |
| EBITDA margin % | -32.6% | -22% | -36.2% | -35.6% | -30.6% | -30.6% |
| EBIT margin % | -66.8% | -28.5% | -42% | -41.5% | -34.4% | -36.8% |
| PAT margin % | -64.9% | -29.9% | -15% | 254.7% | -6.4% | 6.4% |
| Working capital | ||||||
| Receivable days | 93 | 83 | 93 | 92 | 176 | 160 |
| Inventory days | 194 | 48 | 15 | 1 | 1 | 1 |
| Payable days | 3,502 | 3,936 | 16,592 | 232 | 246 | 323 |
| NWC days | -3,215 | -3,805 | -16,484 | -139 | -70 | -162 |
| Leverage | ||||||
| Current ratio | 0.08 | 0.07 | 0.05 | 0.13 | 0.2 | 0.25 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | -0.09 | -0.13 | -0.14 | -0.64 | -0.64 | -0.84 |
| Interest coverage | -70.9 | -15.2 | -4 | -5.2 | -2.8 | 5.6 |
| Asset turnover | 0.6 | 0.6 | 0.64 | 0.76 | 0.64 | 0.51 |
| Return ratios | ||||||
| Return on assets % | -39.2% | -18% | -9.5% | 194.8% | -4.1% | 3.2% |
| Return on capital employed % | 15.2% | 5.9% | 2% | 15.1% | 1.8% | -9.1% |
| Return on equity % | 13.3% | 5.4% | 2.5% | -76% | 1.8% | -1.4% |
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.