Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | 96.6% | — | ||
| 77.8% |
| 78% |
| EBITDA margin % | 42.8% | 22.6% | 24.8% | 54% | 18.6% | 39% | 44.8% |
| EBIT margin % | 1.3% | -33.4% | 3% | 34.8% | 3.8% | 25.2% | 11.7% |
| PAT margin % | 23.6% | -44.6% | -32.9% | -10.1% | -8.8% | 64% | 7.8% |
| Working capital | |||||||
| Receivable days | — | 140 | 75 | 70 | 38 | 29 | 31 |
| Inventory days | — | 59 | 49 | 556 | 21 | 55 | 57 |
| Payable days | — | 93 | 34 | 795 | 32 | 127 | 105 |
| NWC days | — | 106 | 89 | -169 | 27 | -43 | -18 |
| Leverage | |||||||
| Current ratio | — | 0.52 | 0.7 | 0.6 | 0.35 | 0.85 | 0.94 |
| Debt to EBITDA | — | 0.27 | 4.9 | 1.73 | 5.37 | 2.19 | 1.77 |
| Debt to equity | — | 0.04 | 2.48 | 2.64 | 4.16 | 0.86 | 0.71 |
| Interest coverage | 2.3 | -0.7 | 0.3 | 1.9 | 1.2 | 2.6 | 1.3 |
| Asset turnover | — | 0.11 | 0.15 | 0.18 | 0.28 | 0.29 | 0.31 |
| Return ratios | |||||||
| Return on assets % | — | -4.8% | -4.9% | -1.8% | -2.5% | 18.5% | 2.4% |
| Return on capital employed % | — | -5.4% | 2.3% | 13.4% | 9.5% | 17% | 9.9% |
| Return on equity % | — | -27.8% | -67% | -28.5% | -36.7% | 64.5% | 6.9% |
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.