Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 38.2% | — | — | — | — | — |
| EBITDA margin % | 5.5% | -7.4% | -2.5% | -10.8% | -36.8% | -211.8% |
| EBIT margin % | -1.4% | -18.2% | -8.5% | -20.5% | -50.6% | -222% |
| PAT margin % | -7.5% | -24.2% | -9.8% | -24.9% | -52.7% | 43.7% |
| Working capital | ||||||
| Receivable days | 153 | — | — | — | — | — |
| Inventory days | 234 | — | — | — | — | — |
| Payable days | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — |
| Leverage | ||||||
| Current ratio | 1.1 | 1.07 | 1.03 | 0.87 | 0.7 | 0.26 |
| Debt to EBITDA | 13.38 | — | — | — | — | — |
| Debt to equity | 1.78 | 2.58 | 3.27 | 6.46 | 16.14 | 2.64 |
| Interest coverage | -0 | -0.8 | -0.7 | -1.1 | -1 | 3.6 |
| Asset turnover | 0.67 | 0.37 | 0.67 | 0.49 | 0.19 | 0.21 |
| Return ratios | ||||||
| Return on assets % | -5% | -9% | -6.6% | -12.3% | -10.2% | 9.1% |
| Return on capital employed % | -0.6% | -11.4% | -10.2% | -19.7% | -18.5% | 36.9% |
| Return on equity % | -18.2% | -38.3% | -32.8% | -105.9% | -259.4% | 51.9% |
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.