Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 34.4% | 36.8% | 32.2% | 21% | 23.4% | 17.5% | 86.2% |
| EBITDA margin % | 3.1% | 2.3% | 0.9% | -2.3% | -2.2% | -4.8% | -321.6% |
| EBIT margin % | 1.6% | 0.4% | -0.9% | -3.4% | -4% | -6.4% | -346% |
| PAT margin % | 9.9% | 18.9% | 35.4% | 22.9% | 6.8% | 28.3% | 15,593.8% |
| Working capital | |||||||
| Receivable days | — | 48 | 48 | 35 | 40 | 26 | 37 |
| Inventory days | — | 83 | 185 | 102 | 43 | 27 | 260 |
| Payable days | — | 66 | 130 | 91 | 38 | 66 | 8,287 |
| NWC days | — | 65 | 103 | 47 | 45 | -13 | -7,990 |
| Leverage | |||||||
| Current ratio | — | 2.79 | 3.99 | 2.32 | 7.05 | 8.2 | 10.75 |
| Debt to EBITDA | — | 117.3 | 377.06 | — | — | — | — |
| Debt to equity | — | 0.95 | 1.38 | 1.25 | 0.84 | 0.71 | 0 |
| Interest coverage | 4.4 | 2.7 | 2.1 | 3.9 | 1.4 | 2.3 | 7.9 |
| Asset turnover | — | 0.17 | 0.15 | 0.26 | 0.25 | 0.18 | 0 |
| Return ratios | |||||||
| Return on assets % | — | 3.2% | 5.4% | 6% | 1.7% | 5.1% | 42.8% |
| Return on capital employed % | — | 6.1% | 4.5% | 16.3% | 7.8% | 9.1% | 12.5% |
| Return on equity % | — | 6.8% | 15.3% | 15% | 3.4% | 10% | 48.4% |
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.