Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 2.1% | 5.1% | 8.7% | -0% | 0.7% | ||
| 0.4% |
| 1% |
| EBITDA margin % | 2% | 4.8% | 4.9% | -1.1% | 0.5% | 0.4% | 0.7% |
| EBIT margin % | 2% | 4.8% | 4.8% | -1.2% | 0.5% | 0.3% | 0.6% |
| PAT margin % | 1.6% | 3.3% | 20.2% | 0.7% | 1% | 0.8% | 0.9% |
| Working capital | |||||||
| Receivable days | — | 94 | 0 | 76 | 0 | 2 | 0 |
| Inventory days | — | 13 | 216 | 29 | 0 | 1 | 3 |
| Payable days | — | 24 | 74 | 0 | 0 | 2 | 0 |
| NWC days | — | 83 | 143 | 104 | 0 | 2 | 3 |
| Leverage | |||||||
| Current ratio | — | 1.28 | 2.3 | 1.38 | 6.62 | 2.62 | 3.03 |
| Debt to EBITDA | — | 7.32 | 7.71 | — | 0.65 | 0.01 | 0.03 |
| Debt to equity | — | 1.46 | 0.09 | 0.47 | 0.03 | 0 | 0 |
| Interest coverage | 2 | 6 | 3.7 | 2.8 | 7.1 | 267 | 1,053.5 |
| Asset turnover | — | 1.52 | 0.2 | 1.03 | 7.44 | 12.88 | 10.51 |
| Return ratios | |||||||
| Return on assets % | — | 5% | 4% | 0.7% | 7% | 10.5% | 9.8% |
| Return on capital employed % | — | 29% | 7.3% | 3.6% | 9.9% | 10% | 13.5% |
| Return on equity % | — | 13.8% | 4.6% | 1% | 7.3% | 13.7% | 12.1% |
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.