Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 39.8% | -6.4% | -12.8% | 42.2% | 46.7% | 74.3% | 85.4% | 92.3% |
| EBITDA margin % | 27.2% | -19.2% | -28.1% | 35% | 40.9% | 69.9% | 81.2% | 82.6% |
| EBIT margin % | 26.3% | -19.9% | -29.1% | 34.5% | 40.4% | 69.1% | 80.4% | 81.4% |
| PAT margin % | 10.2% | -43.5% | -61.4% | 18.4% | 16.6% | 51.7% | 62.3% | 61.9% |
| Working capital | ||||||||
| Receivable days | — | — | 0 | 110 | 53 | 50 | 131 | 208 |
| Inventory days | — | — | 698 | 706 | 573 | 704 | 1,164 | 4,614 |
| Payable days | — | — | 19 | 21 | 16 | 30 | 109 | 359 |
| NWC days | — | — | 679 | 795 | 610 | 723 | 1,185 | 4,463 |
| Leverage | ||||||||
| Current ratio | — | — | 2.21 | 2.59 | 4.82 | 6.08 | 6.02 | 5.5 |
| Debt to EBITDA | — | — | — | 1.06 | 0.01 | 0.04 | 0.04 | 0.72 |
| Debt to equity | — | — | 0.81 | 0.18 | 0 | 0.02 | 0.01 | 0.13 |
| Interest coverage | 0.8 | -0.7 | -0.5 | 3.7 | 18.8 | 167.2 | 210.3 | 111.1 |
| Asset turnover | — | — | 0.15 | 0.33 | 0.43 | 0.5 | 0.41 | 0.18 |
| Return ratios | ||||||||
| Return on assets % | — | — | -9.3% | 6% | 7.2% | 26% | 25.6% | 11.2% |
| Return on capital employed % | — | — | -4.7% | 14.8% | 23.7% | 45.1% | 44% | 19.4% |
| Return on equity % | — | — | -21% | 8.9% | 9.2% | 29.7% | 29.1% | 13.6% |
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.