Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 72.1% | 68.5% | 74.9% | 53.5% | 49.5% | 43.2% |
| EBITDA margin % | 39.9% | 33.3% | 50.1% | 21.8% | 7.6% | -35.9% |
| EBIT margin % | 37% | 30.7% | 48.5% | 19.1% | 2.7% | -45.7% |
| PAT margin % | 33.4% | 25.3% | 37.9% | 14.9% | 3.8% | -33.2% |
| Working capital | ||||||
| Receivable days | 55 | 55 | 76 | 59 | 71 | 52 |
| Inventory days | 261 | 40 | 221 | 131 | 320 | 473 |
| Payable days | 60 | 42 | 99 | 39 | 89 | 45 |
| NWC days | 256 | 54 | 197 | 150 | 302 | 481 |
| Leverage | ||||||
| Current ratio | 9.61 | 8.43 | 5.44 | 7.3 | 7.36 | 5.12 |
| Debt to EBITDA | 0.01 | 0 | 0 | 0 | 0.01 | — |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0.05 |
| Interest coverage | — | 737.7 | 2,819 | 111.9 | 15.1 | -44 |
| Asset turnover | 0.66 | 0.6 | 0.73 | 0.64 | 0.4 | 0.22 |
| Return ratios | ||||||
| Return on assets % | 22.1% | 15.1% | 27.7% | 9.5% | 1.5% | -7.3% |
| Return on capital employed % | 29% | 22.9% | 46.5% | 15.4% | 3.2% | -8.4% |
| Return on equity % | 24.7% | 16.7% | 31.1% | 10.4% | 1.7% | -8.1% |
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.