Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 25.4% | -99% | -1.2% | 48% | 49.9% | 7.6% | -0.7% |
| EBITDA margin % | 13% | -140.6% | -18.7% | 21.6% | 41% | -14.9% | -57.7% |
| EBIT margin % | 10.8% | -150.1% | -21% | 17.9% | 39.7% | -18.2% | -59.1% |
| PAT margin % | 0.5% | -149.1% | -30.3% | -156.6% | 113.1% | -32.5% | -14.2% |
| Working capital | |||||||
| Receivable days | 721 | 3,254 | 855 | 608 | 439 | 1,142 | 1,653 |
| Inventory days | 2,247 | 5,040 | 2,480 | 7,243 | 1,551 | 1,996 | 2,589 |
| Payable days | 142 | 411 | 217 | 545 | 193 | 211 | 270 |
| NWC days | 2,826 | 7,884 | 3,118 | 7,305 | 1,796 | 2,926 | 3,972 |
| Leverage | |||||||
| Current ratio | 1.42 | 1.14 | 1.08 | 1.04 | 1.24 | 1.3 | 1.41 |
| Debt to EBITDA | 15.75 | — | — | 16.49 | 2.22 | — | — |
| Debt to equity | 1.41 | 2.33 | 2.6 | 2.32 | 0.53 | 0.23 | 0.22 |
| Interest coverage | 0.9 | -1.5 | -0.7 | 0.6 | 13 | -0.2 | -0.9 |
| Asset turnover | 0.12 | 0.02 | 0.07 | 0.05 | 0.16 | 0.07 | 0.05 |
| Return ratios | |||||||
| Return on assets % | 0.1% | -2.9% | -2.3% | -8.1% | 18.6% | -2.4% | -0.8% |
| Return on capital employed % | 4.4% | -7.9% | -5% | 8.4% | 110.4% | -1% | -1.8% |
| Return on equity % | 0.4% | -20.4% | -18.1% | -102.4% | 66.4% | -7.5% | -2.3% |
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.