Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | 73.5% | 95.2% | — | — | 94.9% |
| EBITDA margin % | 10.4% | -5% | -38.3% | -8.4% | -13.7% | -44.9% | -25.7% |
| EBIT margin % | -4.2% | -24.1% | -53.7% | -24.1% | -29.4% | -60.2% | -40.8% |
| PAT margin % | -58.4% | 75.1% | -451.3% | 18.6% | 33.6% | -43.8% | 63.9% |
| Working capital | |||||||
| Receivable days | — | 88 | 33 | 23 | 2 | 1 | 9 |
| Inventory days | — | 2 | 5 | 32 | 3 | 403 | 24,939 |
| Payable days | — | 41 | 154 | 508 | 20 | 23 | 566 |
| NWC days | — | 49 | -116 | -453 | -15 | 381 | 24,382 |
| Leverage | |||||||
| Current ratio | — | 7.31 | 10.91 | 13.76 | 11.73 | 1.58 | 1.76 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 |
| Interest coverage | 3.8 | 4.2 | 0.5 | 2.4 | 2.1 | 3 | 7 |
| Asset turnover | — | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 |
| Return ratios | |||||||
| Return on assets % | — | 1.6% | -12.1% | 0.5% | 0.3% | -0.4% | 0.8% |
| Return on capital employed % | — | 2% | 0.2% | 0.7% | 0.5% | 0.5% | 1.3% |
| Return on equity % | — | 1.8% | -12.9% | 0.5% | 0.4% | -0.5% | 1% |
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.