Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | 74.7% | 65.2% | ||
| 68.1% |
| — |
| EBITDA margin % | -79% | -34.8% | -323.3% | -59.1% | 2.8% | -46.1% | -293.7% |
| EBIT margin % | -1,133.3% | -500.8% | -606.8% | -445.5% | -6.7% | -55.6% | -338.1% |
| PAT margin % | -1,019.9% | -762% | -453.7% | -444.4% | -46.3% | -242.3% | -249.9% |
| Working capital | |||||||
| Receivable days | — | 1,354 | 1,526 | 688 | 843 | 1,083 | 931 |
| Inventory days | — | 35 | 7 | 0 | 1 | 2 | 0 |
| Payable days | — | 387 | 33 | 213 | 80 | 0 | 11 |
| NWC days | — | 1,002 | 1,499 | 475 | 764 | 1,085 | 921 |
| Leverage | |||||||
| Current ratio | — | 0.56 | 1.1 | 2.92 | 4.8 | 5.44 | 2.91 |
| Debt to EBITDA | — | — | — | — | 0 | — | — |
| Debt to equity | — | 0.12 | 0.08 | 0 | 0 | 0 | 0 |
| Interest coverage | -5.9 | -4.8 | -3.8 | -6.9 | — | — | -23.7 |
| Asset turnover | — | 0.02 | 0.02 | 0.05 | 0.04 | 0.04 | 0.02 |
| Return ratios | |||||||
| Return on assets % | — | -12.1% | -9.5% | -20.3% | -1.8% | -8.8% | -5.2% |
| Return on capital employed % | — | -9.1% | -8.8% | -18.7% | 0.1% | -1.6% | -7% |
| Return on equity % | — | -14.1% | -10.6% | -21.1% | -1.8% | -9.1% | -5.5% |
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.