Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 7.9% | -6.2% | 48.5% | 56.3% | 58.5% | 31.5% |
| EBITDA margin % | -39.6% | -104.3% | -172.2% | -265.2% | -242.1% | -98.8% |
| EBIT margin % | -41.6% | -107.2% | -180.3% | -274.7% | -250.6% | -101.9% |
| PAT margin % | 3.7% | 13.2% | 89.4% | 80.4% | 290.3% | 27.1% |
| Working capital | ||||||
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory days | 1,532 | 2,613 | 12,013 | 18,171 | 17,870 | 4,033 |
| Payable days | 7 | 12 | 50 | 42 | 5 | 2 |
| NWC days | 1,526 | 2,600 | 11,963 | 18,128 | 17,865 | 4,031 |
| Leverage | ||||||
| Current ratio | 31.01 | 31.22 | 32.83 | 13.66 | 42.69 | 5.29 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | 0.02 | 0.01 | 0 | 0 | 0 | 0.17 |
| Interest coverage | 2.7 | 3 | 22 | 58.7 | 115 | 2.2 |
| Asset turnover | 0.08 | 0.04 | 0.02 | 0.01 | 0.01 | 0.03 |
| Return ratios | ||||||
| Return on assets % | 0.3% | 0.5% | 1.6% | 1.1% | 4.3% | 0.9% |
| Return on capital employed % | 0.9% | 0.6% | 2% | 1.6% | 2% | 2.5% |
| Return on equity % | 0.3% | 0.5% | 1.6% | 1.2% | 4.4% | 1.1% |
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.