Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 12.3% | — | — | 33.3% | -115.2% | -58% | 48.7% |
| EBITDA margin % | -27.5% | -17.9% | -6% | -7.6% | -160.7% | -133.2% | -1.1% |
| EBIT margin % | -27.9% | -19.2% | -7.2% | -9.1% | -162% | -134.4% | -1.9% |
| PAT margin % | -91% | -290.8% | -192.4% | -765.3% | -797.7% | -988% | -589.2% |
| Working capital | |||||||
| Receivable days | 141 | 465 | 496 | 637 | 521 | 682 | 438 |
| Inventory days | 690 | 1,605 | 1,836 | 3,753 | 1,000 | 2,021 | 3,911 |
| Payable days | 277 | 603 | 687 | 1,427 | 392 | 823 | 1,608 |
| NWC days | 553 | 1,467 | 1,645 | 2,963 | 1,129 | 1,880 | 2,741 |
| Leverage | |||||||
| Current ratio | 1.13 | 1.02 | 0.97 | 0.86 | 0.75 | 0.7 | 0.62 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | 0.46 | 2.28 | 3.49 | -8.39 | -1.72 | -1.07 | -0.8 |
| Interest coverage | -0.6 | -0.1 | 0 | 0 | -0.2 | -0.1 | 0 |
| Asset turnover | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Return ratios | |||||||
| Return on assets % | -6% | -6.2% | -3.8% | -11.5% | -14.4% | -12% | -11.9% |
| Return on capital employed % | -7.1% | -1.9% | 0.9% | 6.7% | 15.5% | 4.7% | -0.4% |
| Return on equity % | -33.9% | -52.5% | -51.3% | 363.2% | 90.8% | 46.6% | 32.2% |
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.