Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 64.8% | 71% | 67.4% | 67.3% | 91.4% | — | — | 62.4% |
| EBITDA margin % | 3.2% | 9.5% | 6.9% | -35% | -898.5% | — | — | 9.7% |
| EBIT margin % | -2.9% | 1.7% | 0.8% | -41.9% | -1,042.6% | — | — | 6.8% |
| PAT margin % | 0.5% | 1.3% | 3.1% | 8.8% | 448.2% | — | — | 54.5% |
| Working capital | ||||||||
| Receivable days | — | — | 191 | 158 | 0 | — | — | 270 |
| Inventory days | — | — | 0 | 0 | 0 | — | — | 382 |
| Payable days | — | — | 178 | 402 | 537 | — | — | 381 |
| NWC days | — | — | 14 | -244 | -537 | — | — | 271 |
| Leverage | ||||||||
| Current ratio | — | — | 0.44 | 1.5 | 2.54 | 2.05 | 0.82 | 1.42 |
| Debt to EBITDA | — | — | 7.2 | — | — | — | — | 6.27 |
| Debt to equity | — | — | 0.21 | 0.14 | 0.75 | 0.8 | 0.95 | 0.64 |
| Interest coverage | 1.1 | 1.1 | 1.3 | 1.6 | 2 | 1.5 | 1.5 | 16.7 |
| Asset turnover | — | — | 0.19 | 0.18 | 0.01 | 0 | 0 | 0.46 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.6% | 1.6% | 2.3% | -3.5% | -8.2% | 25.3% |
| Return on capital employed % | — | — | 4.5% | 2.4% | 7.3% | 7.3% | 8.4% | 73.1% |
| Return on equity % | — | — | 1.3% | 2.5% | 4.6% | -7.1% | -20.8% | 57.2% |
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.