Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 71.7% | 60.3% | 53.1% | 63.5% | 20.7% |
| EBITDA margin % | 33.8% | 26.1% | 25.4% | 21.6% | 15.4% |
| EBIT margin % | 25.2% | 14.3% | 11.4% | 16.5% | 12.9% |
| PAT margin % | 20.6% | 9.5% | 5.4% | 7.6% | 7.8% |
| Working capital | |||||
| Receivable days | 33 | — | 231 | 190 | — |
| Inventory days | 612 | 270 | 389 | 566 | 189 |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 6.22 | 2.22 | 23.83 | 5.47 | 1.75 |
| Debt to EBITDA | 0.58 | — | 2.37 | 1.21 | — |
| Debt to equity | 0.15 | — | 0.55 | 0.24 | — |
| Interest coverage | 10.7 | 7.3 | 2.5 | 2.2 | 4.3 |
| Asset turnover | 0.49 | 0.67 | 0.45 | 0.39 | 0.59 |
| Return ratios | |||||
| Return on assets % | 10% | 6.4% | 2.4% | 3% | 4.7% |
| Return on capital employed % | 16.3% | 12.9% | 7.6% | 10.8% | 23.1% |
| Return on equity % | 16.3% | — | 4.9% | 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.