Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 97.3% | — | — | — | — | — | — |
| EBITDA margin % | 40.7% | 8.2% | -5.5% | 89.2% | 59.4% | 67.2% | 56.4% |
| EBIT margin % | 36.3% | 2.5% | -11.1% | 88.5% | 56.9% | 65.1% | 53.1% |
| PAT margin % | 67.8% | 5.5% | 21.3% | 60.9% | 33.8% | 44.1% | 30.1% |
| Working capital | |||||||
| Receivable days | — | — | — | — | — | — | — |
| Inventory days | — | 158 | 274 | 330 | 425 | 582 | 3,110 |
| Payable days | — | 0 | 15 | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | — | — | — | — | — | — |
| Debt to EBITDA | 3.55 | 13.16 | — | 0.3 | 1.87 | 1.18 | 3.11 |
| Debt to equity | — | 0.1 | 0.1 | 0.18 | 0.18 | 0.14 | 0.21 |
| Interest coverage | 2.5 | 0.2 | -0.4 | 50.5 | 4.4 | 6.4 | 4.2 |
| Asset turnover | — | 0.08 | 0.07 | 0.55 | 0.13 | 0.14 | 0.08 |
| Return ratios | |||||||
| Return on assets % | — | 0.4% | 1.4% | 33.5% | 4.5% | 6.3% | 2.5% |
| Return on capital employed % | — | — | — | — | — | — | — |
| Return on equity % | — | 0.5% | 2% | 40.5% | 5.6% | 7.5% | 3.7% |
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.