Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 23.3% | 26.9% | 26.2% | — | — | — |
| EBITDA margin % | -0.1% | 2.8% | 6.4% | 9.9% | -11.3% | 4.2% |
| EBIT margin % | -2.9% | -0.1% | 4.9% | 7.9% | -14.1% | 1% |
| PAT margin % | 18.2% | -11.2% | -1.7% | 0.2% | -7.2% | 5.2% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | — |
| Inventory days | 18 | — | — | — | — | — |
| Payable days | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — |
| Leverage | ||||||
| Current ratio | 0.09 | 0.08 | 0.14 | 0.11 | 0.29 | 0.56 |
| Debt to EBITDA | — | 36.32 | 8.91 | 7.34 | — | 4.18 |
| Debt to equity | -1.68 | -1.5 | -1.45 | -1.24 | -0.21 | -0.22 |
| Interest coverage | -0.2 | 0 | 0.8 | 1 | -7 | 2.1 |
| Asset turnover | 1.79 | 1.66 | 2.85 | 2.11 | 1.34 | 1.03 |
| Return ratios | ||||||
| Return on assets % | 32.6% | -18.6% | -4.8% | 0.5% | -9.7% | 5.4% |
| Return on capital employed % | 4.5% | -0.7% | -13.5% | -15.3% | -112.9% | 42.9% |
| Return on equity % | -35% | 16.3% | 4.3% | -0.4% | 7.4% | -6.6% |
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.