Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | 98.6% |
| EBITDA margin % | 7.2% | 40.8% | 56.3% | 39.2% | 35.5% | 24.7% | -2.8% |
| EBIT margin % | 6.7% | 40.2% | 55.7% | 38.5% | 34.3% | 22.6% | -5.8% |
| PAT margin % | 23.3% | 57.2% | 45% | 29.9% | 17.5% | 18.5% | -8.9% |
| Working capital | |||||||
| Receivable days | — | — | 82 | 127 | 144 | 184 | 186 |
| Inventory days | — | — | 1 | 1 | 1 | 2 | 144 |
| Payable days | — | — | 123 | 97 | 76 | 108 | 5,113 |
| NWC days | — | — | -40 | 31 | 69 | 78 | -4,782 |
| Leverage | |||||||
| Current ratio | — | — | 1.32 | 2.03 | 2.29 | 2.68 | 2.15 |
| Debt to EBITDA | — | — | 0.38 | 0.47 | 0.06 | 0.24 | — |
| Debt to equity | — | — | 0.21 | 0.22 | 0.02 | 0.05 | 0.04 |
| Interest coverage | 14.9 | 24.6 | 74.6 | 55.2 | 37 | 25.8 | 1.1 |
| Asset turnover | — | — | 0.49 | 0.64 | 0.66 | 0.51 | 0.44 |
| Return ratios | |||||||
| Return on assets % | — | — | 21.9% | 19.2% | 11.6% | 9.4% | -3.9% |
| Return on capital employed % | — | — | 60.9% | 61.1% | 43.1% | 19.6% | 0.8% |
| Return on equity % | — | — | 44.9% | 36.2% | 17.1% | 15.1% | -5.9% |
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.