Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 85.6% | 78.2% | — | 74.2% | — | — |
| EBITDA margin % | 6.5% | -39.7% | -37.5% | -82.1% | -7.6% | — |
| EBIT margin % | -20% | -69.5% | -57.3% | -110% | -13.6% | — |
| PAT margin % | -14.9% | -54.6% | -34.6% | -98.4% | -76.3% | — |
| Working capital | ||||||
| Receivable days | 14 | 25 | 89 | 12 | 238 | — |
| Inventory days | 3,980 | 3,544 | 288 | 2,793 | 1,075 | — |
| Payable days | 106 | 77 | — | 365 | 14 | — |
| NWC days | 3,887 | 3,493 | — | 2,440 | 1,299 | — |
| Leverage | ||||||
| Current ratio | 0.53 | 0.48 | 0.45 | 0.31 | 0.44 | 0.27 |
| Debt to EBITDA | 81.43 | — | — | — | — | — |
| Debt to equity | 0.67 | 0.69 | 0.69 | 0.99 | 1.18 | 1.25 |
| Interest coverage | -0.1 | -0 | — | -1.4 | 0.1 | -0.6 |
| Asset turnover | 0.06 | 0.05 | 0.1 | 0.06 | 0.04 | 0 |
| Return ratios | ||||||
| Return on assets % | -0.9% | -2.9% | -3.6% | -5.8% | -2.8% | -4.3% |
| Return on capital employed % | -0.1% | -0.1% | -8.1% | -9.2% | 0.8% | -5.1% |
| Return on equity % | -1.9% | -5.9% | -8.2% | -14.6% | -7.5% | -11.6% |
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.