Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 89.4% | 96.3% | 97.9% | 98.1% | 97.9% | 96.4% |
| EBITDA margin % | -300.4% | -52.8% | -44.8% | 14.9% | 7.6% | 34.6% |
| EBIT margin % | -325.2% | -71.2% | -72.9% | -3.1% | -36.1% | 22.5% |
| PAT margin % | -326% | -77.9% | -49.1% | -21% | -53.4% | 27% |
| Working capital | ||||||
| Receivable days | 46 | 17 | 12 | 39 | 36 | 25 |
| Inventory days | 973 | 84 | 143 | 132 | 110 | 62 |
| Payable days | 4,556 | 4,638 | 3,071 | 2,689 | 2,169 | 827 |
| NWC days | -3,536 | -4,537 | -2,916 | -2,518 | -2,024 | -740 |
| Leverage | ||||||
| Current ratio | 0.44 | 0.9 | 1.3 | 0.29 | 0.4 | 0.69 |
| Debt to EBITDA | — | — | — | 8.37 | 14.29 | 1.81 |
| Debt to equity | -102.67 | 2.64 | 0.75 | 1.2 | 2 | 0.31 |
| Interest coverage | -275.3 | -6.3 | -7.7 | -0 | -0.9 | 1.9 |
| Asset turnover | 0.22 | 0.2 | 0.18 | 0.22 | 0.25 | 0.26 |
| Return ratios | ||||||
| Return on assets % | -71.9% | -15.3% | -8.9% | -4.7% | -13.4% | 7.1% |
| Return on capital employed % | 82,600% | -21.5% | -15.3% | -0.3% | -10.3% | 9.9% |
| Return on equity % | 13,800% | -76% | -25.9% | -20.2% | -97.9% | 13.5% |
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.