Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 13.6% | -11.7% | 86% | — | -28.7% | 20.3% |
| EBITDA margin % | -0.1% | -73.6% | 43.2% | 41.8% | -394.7% | -80.2% |
| EBIT margin % | -4.4% | -77.1% | 41.2% | 36% | -421.4% | -83.2% |
| PAT margin % | 3.2% | -92.9% | 5.5% | -69.1% | -686.5% | 5.8% |
| Working capital | ||||||
| Receivable days | 32 | 7 | 9 | 20 | 107 | 8 |
| Inventory days | 1,877 | 1,389 | 7,823 | 7,789 | 16,427 | 3,326 |
| Payable days | 114 | 54 | 170 | 139 | 517 | 107 |
| NWC days | 1,795 | 1,342 | 7,663 | 7,670 | 16,017 | 3,227 |
| Leverage | ||||||
| Current ratio | 1.21 | 0.8 | 3.2 | 1.31 | 1.09 | 1.37 |
| Debt to EBITDA | — | — | 8.69 | 29.8 | — | — |
| Debt to equity | 0.84 | 0.88 | 1.02 | 1.09 | 1.87 | 1.78 |
| Interest coverage | 1 | -1.7 | 1.4 | 0.4 | -1.3 | 1.3 |
| Asset turnover | 0.06 | 0.08 | 0.12 | 0.03 | 0.01 | 0.07 |
| Return ratios | ||||||
| Return on assets % | 0.2% | -7.8% | 0.6% | -2.2% | -5.5% | 0.4% |
| Return on capital employed % | 0.8% | -7.2% | 7.8% | 2% | -6.3% | 2.8% |
| Return on equity % | 0.4% | -17.5% | 1.5% | -6% | -22.2% | 1.8% |
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.