Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 81.1% | 80.7% | 94% | 90.2% | 98% | 96% |
| EBITDA margin % | 16.6% | 7.4% | -2.9% | -37.6% | -4.6% | -1.6% |
| EBIT margin % | 11.4% | 1.8% | -8.5% | -43.1% | -8.7% | -5.6% |
| PAT margin % | 8.2% | -27% | -7.1% | -35.7% | -4.4% | -0.5% |
| Working capital | ||||||
| Receivable days | 20 | 20 | 22 | 17 | 11 | 10 |
| Inventory days | 401 | 426 | 1,769 | 724 | 2,910 | 1,016 |
| Payable days | 129 | 153 | 694 | 425 | 1,594 | 878 |
| NWC days | 291 | 293 | 1,097 | 316 | 1,328 | 147 |
| Leverage | ||||||
| Current ratio | 2.08 | 1.83 | 0.85 | 0.47 | 0.58 | 0.7 |
| Debt to EBITDA | 1.16 | 4.08 | — | — | — | — |
| Debt to equity | 0.08 | 0.14 | 0.25 | 0.47 | 0.49 | 0.47 |
| Interest coverage | 6.9 | 8.6 | -2 | -9.4 | -1.5 | 0.7 |
| Asset turnover | 0.34 | 0.33 | 0.3 | 0.42 | 0.48 | 0.49 |
| Return ratios | ||||||
| Return on assets % | 2.7% | -9% | -2.1% | -14.8% | -2.1% | -0.3% |
| Return on capital employed % | 6.4% | 6.5% | -2% | -20.5% | -4.8% | 1.9% |
| Return on equity % | 3.6% | -12.6% | -3.4% | -27% | -3.9% | -0.5% |
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.