Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 13.2% | 57.7% | 60% | — | 58.6% | 59.2% |
| EBITDA margin % | -16.8% | 4.8% | 7% | — | 10.9% | 11.6% |
| EBIT margin % | -18.6% | 2.4% | 4.2% | — | 8.5% | 9% |
| PAT margin % | -20.8% | 0.7% | 1.3% | 4.4% | 6.8% | 6% |
| Working capital | ||||||
| Receivable days | 110 | 144 | 22 | 23 | 27 | 31 |
| Inventory days | 109 | 656 | 96 | — | 92 | 125 |
| Payable days | 256 | 499 | 91 | — | 66 | 76 |
| NWC days | -37 | 300 | 27 | — | 52 | 80 |
| Leverage | ||||||
| Current ratio | 0.75 | 0.55 | 0.52 | 0.64 | 0.84 | 1.07 |
| Debt to EBITDA | — | 13.24 | 0.83 | — | 0.1 | 0 |
| Debt to equity | 10.71 | 0.06 | 0.03 | 0.01 | 0.01 | 0 |
| Interest coverage | -7.1 | 2.6 | 4.9 | — | 39.5 | 34.2 |
| Asset turnover | 1.1 | 0.06 | 0.35 | 0.36 | 0.38 | 0.4 |
| Return ratios | ||||||
| Return on assets % | -22.8% | 0% | 0.4% | 1.6% | 2.6% | 2.4% |
| Return on capital employed % | -887.5% | 0.5% | 1.9% | 0% | 4.2% | 4.8% |
| Return on equity % | -1,164.3% | 0.1% | 0.6% | 2.3% | 3.7% | 3.5% |
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.