Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 13% | 10.7% | 31.5% | 52.2% | 43.9% | -1.2% | 3.4% |
| EBITDA margin % | 6.7% | 3% | 10.8% | 8.6% | -86.1% | -74.4% | -281.4% |
| EBIT margin % | -1.4% | -13.3% | -26.1% | -35.8% | -249.8% | -157.9% | -306.3% |
| PAT margin % | 0.2% | -3.8% | -6.6% | -5.6% | -212% | -156.2% | -288.6% |
| Working capital | |||||||
| Receivable days | — | 45 | 96 | 93 | 494 | 399 | 1,088 |
| Inventory days | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | — | 42 | 76 | 19 | 92 | 38 | 127 |
| NWC days | — | 3 | 21 | 74 | 401 | 361 | 960 |
| Leverage | |||||||
| Current ratio | — | 1.39 | 1.4 | 1.35 | 1.3 | 0.67 | 0.79 |
| Debt to EBITDA | — | 0 | 0 | 0 | — | — | — |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0.09 | 0.05 |
| Interest coverage | 3.1 | -249.5 | -39.8 | -3.7 | -46.4 | -43.8 | -125.2 |
| Asset turnover | — | 0.86 | 0.32 | 0.27 | 0.08 | 0.14 | 0.06 |
| Return ratios | |||||||
| Return on assets % | — | -3.2% | -2.1% | -1.5% | -17.2% | -21.3% | -15.9% |
| Return on capital employed % | — | -6.1% | -3.1% | -1.9% | -24.5% | -33% | -28.2% |
| Return on equity % | — | -5% | -3.5% | -2.5% | -29.6% | -44.3% | -37.6% |
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.