Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 2.7% | 2.1% | — | — | — | — | — | — |
| EBITDA margin % | 0.7% | -0.4% | 51.6% | 13.1% | 13.2% | 11.6% | -23.9% | 2.4% |
| EBIT margin % | 0.7% | -0.5% | 50.4% | 11% | 12.1% | 10.5% | -26% | 0.3% |
| PAT margin % | 0.4% | -0.2% | 36.7% | 12.6% | 17.4% | 18.8% | 3.6% | 1.5% |
| Working capital | ||||||||
| Receivable days | 3 | 1 | — | — | — | — | — | 161 |
| Inventory days | 1 | 1 | — | — | — | — | — | 19 |
| Payable days | — | — | — | — | — | — | — | 264 |
| NWC days | — | — | — | — | — | — | — | -84 |
| Leverage | ||||||||
| Current ratio | — | — | 2.92 | 3.67 | 4.64 | 4.79 | 3.62 | 1.17 |
| Debt to EBITDA | 2.08 | — | 0.57 | 3.74 | 0 | 3.26 | — | 34.04 |
| Debt to equity | 0.6 | 0.31 | 0.18 | 0.16 | 0 | 0.14 | 0.12 | 0.48 |
| Interest coverage | 8.7 | -3.1 | 11.7 | 5.2 | 11.1 | 11.1 | 1.7 | 1.9 |
| Asset turnover | 19.21 | 31.25 | 0.38 | 0.21 | 0.28 | 0.25 | 0.18 | 0.3 |
| Return ratios | ||||||||
| Return on assets % | 8.2% | -4.6% | 14% | 2.6% | 4.9% | 4.7% | 0.6% | 0.4% |
| Return on capital employed % | — | — | 31% | 8% | 10% | 9.9% | 2% | 11% |
| Return on equity % | 17.3% | -7.5% | 22.1% | 4.1% | 7.3% | 6.9% | 0.9% | 0.9% |
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.