Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 59.5% | 56.3% | 58.8% | 35.3% | -45.1% | 52% | 48.5% | -5.4% |
| EBITDA margin % | 17.9% | 0.8% | 2.8% | -3.4% | -100.1% | -22.4% | -10.8% | -216.3% |
| EBIT margin % | 13.1% | -5.6% | -3.7% | -11.1% | -158.1% | -35.8% | -28.2% | -253.5% |
| PAT margin % | 6.6% | -10.3% | -9% | -28.5% | -175.6% | -30.5% | -27.1% | -250.6% |
| Working capital | ||||||||
| Receivable days | — | 86 | 46 | 134 | 150 | 203 | 233 | 236 |
| Inventory days | — | 396 | 263 | 573 | 107 | 327 | 358 | 63 |
| Payable days | — | 179 | 35 | 100 | 93 | 225 | 240 | 263 |
| NWC days | — | 303 | 274 | 607 | 164 | 305 | 351 | 36 |
| Leverage | ||||||||
| Current ratio | — | 1.28 | 1.55 | 1.36 | 0.78 | 0.83 | 0.8 | 0.37 |
| Debt to EBITDA | — | 109.65 | 13.69 | — | — | — | — | — |
| Debt to equity | — | 1.07 | 0.75 | 0.99 | 9.6 | -69.03 | -24.07 | -1.89 |
| Interest coverage | 2.1 | -0.9 | -0.4 | -0.6 | -8.2 | -17.9 | -9.6 | -41 |
| Asset turnover | — | 0.48 | 0.67 | 0.19 | 0.19 | 0.16 | 0.13 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | — | -4.9% | -6% | -5.3% | -33.2% | -4.8% | -3.4% | -23.3% |
| Return on capital employed % | — | -3.5% | -1.8% | -2.7% | -40.5% | -7.9% | -5.4% | -41.8% |
| Return on equity % | — | -13.1% | -18% | -18.6% | -833.4% | 832.4% | 89.6% | 83.3% |
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.