Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 45.9% | 63.3% | — | — | — | 97.7% | — | — |
| EBITDA margin % | 4% | -13.9% | -6.1% | 5.2% | 1.6% | 5.4% | 4.3% | 1.6% |
| EBIT margin % | 0.6% | -20.7% | -25.6% | -6.4% | -8.4% | -1.2% | -1.7% | -3.4% |
| PAT margin % | -3.1% | -15.8% | -37.6% | 43.2% | 3.4% | 7.3% | 31.8% | 4% |
| Working capital | ||||||||
| Receivable days | — | — | — | 80 | 63 | 82 | 75 | 98 |
| Inventory days | — | — | — | 58 | 63 | 2,086 | 43 | 39 |
| Payable days | — | — | — | 64 | 19 | 823 | 17 | 19 |
| NWC days | — | — | — | 75 | 107 | 1,345 | 101 | 119 |
| Leverage | ||||||||
| Current ratio | — | — | — | 0.65 | 0.68 | 0.82 | 0.92 | 0.96 |
| Debt to EBITDA | — | — | — | 6.39 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | 1.95 | 0 | 0 | 0 | 0 |
| Interest coverage | 0.5 | -1.1 | -0.9 | 5.6 | 2.7 | 5 | 3.5 | 1.1 |
| Asset turnover | — | — | — | 0.6 | 0.61 | 0.63 | 0.55 | 0.56 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 25.8% | 2% | 4.6% | 17.5% | 2.2% |
| Return on capital employed % | — | — | — | 73.2% | 12.5% | 20.1% | 11% | 2.2% |
| Return on equity % | — | — | — | 252.7% | 15.6% | 25% | 51.1% | 6.2% |
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.