Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | 1.7% | 3.5% | 35.2% |
| EBITDA margin % | — | — | — | 0.8% | -0.7% | 4.5% |
| EBIT margin % | — | — | — | 0.7% | -0.8% | 4.2% |
| PAT margin % | — | — | — | 0.7% | -0.1% | -0.4% |
| Working capital | ||||||
| Receivable days | — | — | — | 20 | 25 | 105 |
| Inventory days | — | — | — | 23 | 174 | 808 |
| Payable days | — | — | — | 23 | 11 | 93 |
| NWC days | — | — | — | 20 | 188 | 821 |
| Leverage | ||||||
| Current ratio | 0.11 | 0.13 | 0.09 | 0.17 | 1.92 | 1.47 |
| Debt to EBITDA | — | — | — | 40.33 | — | 26.75 |
| Debt to equity | 0.76 | 1.24 | 1.14 | 0.98 | 1.26 | 1.26 |
| Interest coverage | — | — | — | — | — | 0.9 |
| Asset turnover | 0 | 0 | 0 | 0.46 | 1.22 | 0.27 |
| Return ratios | ||||||
| Return on assets % | -0.1% | 0% | -0.1% | 0.3% | -0.1% | -0.1% |
| Return on capital employed % | 0% | 0.2% | -0.3% | 2% | -0.4% | 3.7% |
| Return on equity % | -0.8% | 0.2% | -1.3% | 2.3% | -0.5% | -0.4% |
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.