Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 70.1% | 75.7% | 70.4% | 56.1% | 62.7% | — | -0% |
| EBITDA margin % | 18.8% | 7.6% | -9.4% | 1.1% | -10.1% | -20.5% | — | -3.5% |
| EBIT margin % | 11.3% | 0.1% | -24.3% | -11.1% | -19% | -32.5% | — | -3.5% |
| PAT margin % | 8.8% | -0.5% | -58.2% | -119.4% | -53.1% | -182.3% | — | 20% |
| Working capital | ||||||||
| Receivable days | 94 | 116 | 205 | 45 | 58 | 39 | — | 1 |
| Inventory days | 4 | 2 | 1 | 1 | 3 | 12 | — | 0 |
| Payable days | 3 | 34 | 81 | — | 104 | 260 | — | 9 |
| NWC days | 95 | 84 | 125 | — | -42 | -209 | — | -7 |
| Leverage | ||||||||
| Current ratio | 1.62 | 1.82 | 1.64 | — | 0.89 | 0.4 | 1.48 | 4.54 |
| Debt to EBITDA | 1.19 | 3.04 | — | 8.06 | — | — | — | — |
| Debt to equity | 0.3 | 0.33 | 0.4 | 0.32 | 0.31 | -3.15 | 0 | 0 |
| Interest coverage | 9.6 | 0.7 | -4.7 | -1.9 | -3.7 | -3.6 | 1.4 | 13.6 |
| Asset turnover | 0.87 | 0.89 | 0.42 | 0.54 | 0.84 | 0.74 | 0 | 1.5 |
| Return ratios | ||||||||
| Return on assets % | 7.6% | -0.4% | -24.4% | -64% | -44.7% | -135.8% | 102.7% | 29.9% |
| Return on capital employed % | 15.8% | 1.7% | -11.2% | -4.4% | -4.2% | -32.3% | 13.2% | 18.5% |
| Return on equity % | 11.7% | -0.7% | -40% | -432.1% | -92.4% | 1,348.6% | 182.5% | 35% |
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.