Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 61.2% | 73.2% | 69.1% | 60.2% | 37.3% | 68.4% |
| EBITDA margin % | 14.8% | 9.6% | -4.3% | 6.3% | 13.9% | 13.3% |
| EBIT margin % | 7.5% | 1.6% | -10.5% | 5% | 13.1% | 9.4% |
| PAT margin % | -12.5% | 820.8% | 43.4% | -3.6% | 61.6% | 17.6% |
| Working capital | ||||||
| Receivable days | 47 | 62 | 48 | 20 | 15 | 37 |
| Inventory days | 188 | 533 | 565 | 892 | 43 | 150 |
| Payable days | 99 | 214 | 191 | 217 | 71 | 222 |
| NWC days | 136 | 380 | 422 | 695 | -13 | -35 |
| Leverage | ||||||
| Current ratio | 0.21 | 0.55 | 0.92 | 0.87 | 1.61 | 2.38 |
| Debt to EBITDA | 3.68 | 5.56 | — | 0 | 0 | 0 |
| Debt to equity | -3.59 | 3.33 | 0.23 | 0 | 0 | 0 |
| Interest coverage | 2.8 | 1 | 12.6 | 26.8 | 80.2 | 32.8 |
| Asset turnover | 0.46 | 0.65 | 0.63 | 0.3 | 0.65 | 0.3 |
| Return ratios | ||||||
| Return on assets % | -5.7% | 530% | 27.4% | -1.1% | 40.3% | 5.3% |
| Return on capital employed % | 113.2% | 27.5% | 93.6% | 13% | 21% | 9.1% |
| Return on equity % | 82.7% | 5,115.4% | 85.3% | -3.2% | 55.9% | 6.7% |
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.