Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 34.4% | 27.5% | 21.2% | -3% | 30.3% | 39.8% |
| EBITDA margin % | -5.6% | -47.5% | -70.4% | -55.4% | -23.4% | -141.5% |
| EBIT margin % | -7.5% | -50.7% | -76.1% | -63.3% | -50.9% | -158.5% |
| PAT margin % | 7.8% | -51.6% | -74.9% | -59.7% | -145.4% | -82.9% |
| Working capital | ||||||
| Receivable days | 35 | 44 | 40 | 10 | 28 | 12 |
| Inventory days | 136 | 204 | 202 | 93 | 243 | 419 |
| Payable days | 87 | 179 | 240 | 72 | 84 | 113 |
| NWC days | 85 | 68 | 2 | 32 | 187 | 318 |
| Leverage | ||||||
| Current ratio | 1.26 | 2.26 | 0.97 | 1.57 | 0.95 | 74.74 |
| Debt to EBITDA | — | — | — | — | — | — |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 10.1 | -22.5 | -89.5 | -9.5 | -4.7 | -7.2 |
| Asset turnover | 1.01 | 0.56 | 0.64 | 0.83 | 0.59 | 0.03 |
| Return ratios | ||||||
| Return on assets % | 7.9% | -28.8% | -47.7% | -49.6% | -85.4% | -2.2% |
| Return on capital employed % | 24.7% | -44.5% | -65.8% | -35.9% | -12.2% | -3.6% |
| Return on equity % | 11.1% | -33.4% | -59.9% | -36.4% | -35% | -1.9% |
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.