Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 92.9% | 93.8% | — | — | 94.9% | — |
| EBITDA margin % | 11.6% | -6.5% | 8.9% | 5.9% | -5.5% | 10.9% |
| EBIT margin % | -2.6% | -20.7% | 1.9% | 0.8% | -9.3% | 3.3% |
| PAT margin % | -2% | -1.1% | 1.7% | 0.3% | 1.1% | 1% |
| Working capital | ||||||
| Receivable days | 245 | 339 | 263 | 294 | 348 | 346 |
| Inventory days | 849 | 1,350 | 97 | 126 | 2,377 | 215 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 6 |
| NWC days | 1,094 | 1,689 | 360 | 420 | 2,725 | 555 |
| Leverage | ||||||
| Current ratio | 5.73 | 6.34 | 3.55 | 3.03 | 2.87 | 3.2 |
| Debt to EBITDA | 0.02 | — | 0.21 | 0.09 | — | 0 |
| Debt to equity | 0 | 0.02 | 0.01 | 0 | 0 | 0 |
| Interest coverage | -1.4 | -0.5 | 6.5 | 2.1 | 2.1 | 1.4 |
| Asset turnover | 0.57 | 0.39 | 0.44 | 0.44 | 0.4 | 0.31 |
| Return ratios | ||||||
| Return on assets % | -1.1% | -0.4% | 0.7% | 0.1% | 0.4% | 0.3% |
| Return on capital employed % | -0.8% | -0.1% | 1.8% | 1.3% | 2.8% | 2.4% |
| Return on equity % | -1.5% | -0.6% | 0.9% | 0.1% | 0.6% | 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.