Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 29.2% | 4.5% | 24.4% | 29.8% | 18.9% | ||
| 5% |
| -13.1% |
| EBITDA margin % | 0.9% | -38.4% | -6% | 0% | -11.3% | -24.6% | -137.9% |
| EBIT margin % | -24.8% | -77% | -36.8% | -26.4% | -40.3% | -52.4% | -242% |
| PAT margin % | -27.4% | -78.1% | -39.2% | -28% | -40.7% | -50.2% | -243.8% |
| Working capital | |||||||
| Receivable days | — | 126 | 86 | 74 | 81 | 67 | 1 |
| Inventory days | — | 6 | 5 | 0 | 0 | 0 | 0 |
| Payable days | — | 323 | 338 | 387 | 440 | 428 | 1,400 |
| NWC days | — | -191 | -247 | -313 | -359 | -361 | -1,400 |
| Leverage | |||||||
| Current ratio | — | 0.2 | 0.16 | 0.14 | 0.14 | 0.11 | 0.01 |
| Debt to EBITDA | — | — | — | 1 | — | — | — |
| Debt to equity | — | -0.09 | -0.03 | -0 | -0.05 | -0.05 | -0.02 |
| Interest coverage | -15.9 | -57.8 | -15.1 | -13.6 | -23 | -42.8 | -100.4 |
| Asset turnover | — | 0.47 | 0.72 | 0.8 | 0.75 | 0.95 | 0.78 |
| Return ratios | |||||||
| Return on assets % | — | -36.5% | -28% | -22.4% | -30.6% | -47.7% | -190.9% |
| Return on capital employed % | — | 121.6% | 41.1% | 20.2% | 19.8% | 18.4% | 19.2% |
| Return on equity % | — | 117.2% | 42.3% | 21.1% | 20.3% | 18.6% | 19.3% |
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.