Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 30.5% | 19.1% | 14.7% | 25.3% | 22.3% | 15.5% | 24.5% |
| EBITDA margin % | 14.4% | 16.7% | -11.3% | -4.1% | -14.7% | -62.4% | -76.9% | -2.6% |
| EBIT margin % | -0% | -11.9% | -22.7% | -12.6% | -38.9% | -74.8% | -86.1% | -10.2% |
| PAT margin % | -212.7% | -259.1% | -345.6% | -671.6% | -1,243.9% | -2,000.7% | -2,155.6% | 8,871.2% |
| Working capital | ||||||||
| Receivable days | 376 | 896 | 1,257 | 2,263 | 3,230 | 5,135 | 4,586 | 4,663 |
| Inventory days | 23 | 58 | 62 | 128 | 178 | 286 | 41 | 32 |
| Payable days | — | — | — | — | 245 | 0 | 207 | 292 |
| NWC days | — | — | — | — | 3,163 | 5,421 | 4,420 | 4,403 |
| Leverage | ||||||||
| Current ratio | 0.2 | 0.17 | 0.2 | 0.15 | 0.15 | 0.11 | 0.11 | 0.41 |
| Debt to EBITDA | 35.78 | 56.08 | — | — | — | — | — | — |
| Debt to equity | -1.59 | -1 | -1.32 | -1.63 | -0.87 | -0.58 | -0.46 | 6.25 |
| Interest coverage | 0 | -0.1 | -0.1 | -0 | -0 | -0 | -0 | -0 |
| Asset turnover | 0.15 | 0.07 | 0.05 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Return ratios | ||||||||
| Return on assets % | -32% | -17.5% | -18.6% | -16.4% | -23.7% | -21.1% | -53.4% | 215.6% |
| Return on capital employed % | -16.9% | 3.8% | 2.9% | 1.1% | 0.9% | 1.3% | 0.6% | -1.6% |
| Return on equity % | 65.8% | 27.7% | 27.9% | 31.9% | 23.5% | 24.1% | 22.9% | 2,482.4% |
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.