Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 46% | 10.5% | 12.4% | 9.8% | 20% | 6% |
| EBITDA margin % | -142.7% | -0.7% | -26.3% | -11.4% | -2.7% | -17.5% |
| EBIT margin % | -142.7% | -0.9% | -27.7% | -12.6% | -3.8% | -18.4% |
| PAT margin % | -216.1% | 5.5% | 24.8% | -6.3% | 3.2% | -2.6% |
| Working capital | ||||||
| Receivable days | 4,539 | 950 | 2,369 | 1,229 | 1,864 | 1,380 |
| Inventory days | 180 | 556 | 3,413 | 2,816 | 4,212 | 2,731 |
| Payable days | 872 | 23 | 1,068 | 1,415 | 2,197 | 1,646 |
| NWC days | 3,847 | 1,483 | 4,714 | 2,630 | 3,879 | 2,465 |
| Leverage | ||||||
| Current ratio | 0.99 | 1.04 | 1.04 | 1.03 | 1.03 | 1.03 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | — | 22.67 | 15.12 | 17.63 | 16.92 | 15.78 |
| Interest coverage | -1.9 | 2.5 | 35 | 11 | 9 | -20 |
| Asset turnover | 0.08 | 0.24 | 0.06 | 0.1 | 0.07 | 0.09 |
| Return ratios | ||||||
| Return on assets % | -16.4% | 1.3% | 1.6% | -0.6% | 0.2% | -0.2% |
| Return on capital employed % | -5,700% | 107.7% | 38% | 10.9% | 9.5% | -20.9% |
| Return on equity % | — | 32% | 31.2% | -17.2% | 6.1% | -6.5% |
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.