Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | -7.5% | 9.4% | -21.9% | -15.9% | -18.8% | -14.5% | -13.4% |
| EBIT margin % | -10% | 4.1% | -24.9% | -19.9% | -23.9% | -19.2% | -17.3% |
| PAT margin % | -176.5% | 0.3% | -25.8% | -21.5% | -28.2% | -27.3% | -375% |
| Working capital | |||||||
| Receivable days | — | 57 | 64 | 53 | 35 | 43 | 94 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 42 | 30 | 30 | 36 | 47 | 6 |
| NWC days | — | 15 | 34 | 23 | -1 | -4 | 88 |
| Leverage | |||||||
| Current ratio | — | 0.66 | 0.65 | 0.47 | 0.26 | 0.78 | 0.24 |
| Debt to EBITDA | — | 4.24 | — | — | — | — | — |
| Debt to equity | — | 3.79 | 2.08 | 4.9 | -19.6 | 4.26 | -1.07 |
| Interest coverage | -2.6 | 1.1 | -7.8 | -8.6 | -5.2 | -1.8 | -0.7 |
| Asset turnover | — | 1.31 | 1.21 | 1.59 | 1.74 | 0.71 | 2.04 |
| Return ratios | |||||||
| Return on assets % | — | 0.4% | -31.3% | -34.3% | -49% | -19.4% | -766.8% |
| Return on capital employed % | — | 12.7% | -69.7% | -65.3% | -118.2% | -41.8% | -13.3% |
| Return on equity % | — | 3.2% | -190.6% | -455.5% | 1,594.3% | -187% | 273% |
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.