Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | 30.8% | 35.4% | 86.7% |
| EBITDA margin % | 7.5% | -20.7% | 19% | 18.7% | 15.4% |
| EBIT margin % | 2.4% | -26.2% | 15.7% | 14.7% | 14% |
| PAT margin % | 0.4% | -34.1% | 10.8% | 9.4% | 10.8% |
| Working capital | |||||
| Receivable days | — | — | 199 | 447 | 179 |
| Inventory days | — | — | 5 | 8 | 17 |
| Payable days | — | — | 148 | 201 | 1,323 |
| NWC days | — | — | 56 | 254 | -1,127 |
| Leverage | |||||
| Current ratio | 3.44 | — | 0.79 | 1.95 | 1.53 |
| Debt to EBITDA | 2.56 | — | 2.53 | 1.58 | 0.14 |
| Debt to equity | 0.11 | — | 0.37 | 0.16 | 0.02 |
| Interest coverage | 1.6 | -1.5 | 5.4 | 6.3 | 56.7 |
| Asset turnover | 0.41 | — | 0.46 | 0.38 | 0.57 |
| Return ratios | |||||
| Return on assets % | 0.1% | — | 4.9% | 3.5% | 6.1% |
| Return on capital employed % | 1.5% | — | 11.6% | 7.8% | 13.5% |
| Return on equity % | 0.2% | — | 8.3% | 5% | 9.2% |
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.