Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 81.1% | 30.9% | 39.3% | 61.8% | 57.5% | 33.6% | 55% | 52.7% |
| EBITDA margin % | 63.9% | -2.6% | -10.5% | 15.7% | 9.8% | -4.9% | 9.9% | 7.1% |
| EBIT margin % | 63.1% | -4.2% | -13.1% | 13.9% | 8% | -7.6% | 6.4% | 3.7% |
| PAT margin % | 43.2% | 1.5% | -1.6% | 16.7% | 6.3% | 27.3% | 17.9% | 6% |
| Working capital | ||||||||
| Receivable days | — | — | 63 | 65 | 63 | 65 | 67 | 85 |
| Inventory days | — | — | 312 | 541 | 628 | 252 | 376 | 321 |
| Payable days | — | — | 71 | 141 | 82 | 30 | 84 | 80 |
| NWC days | — | — | 305 | 464 | 609 | 287 | 359 | 326 |
| Leverage | ||||||||
| Current ratio | — | — | 4.16 | 3.66 | 3.22 | 4.56 | 4.3 | 3.22 |
| Debt to EBITDA | — | — | — | 0.9 | 1.36 | — | 0.68 | 1.83 |
| Debt to equity | — | — | 0.05 | 0.09 | 0.09 | 0.03 | 0.03 | 0.06 |
| Interest coverage | 430.9 | 2.4 | 9.8 | 156.1 | 29.8 | 4.8 | 54.7 | 11.2 |
| Asset turnover | — | — | 0.35 | 0.48 | 0.49 | 0.43 | 0.35 | 0.38 |
| Return ratios | ||||||||
| Return on assets % | — | — | -0.6% | 8% | 3.1% | 11.9% | 6.3% | 2.3% |
| Return on capital employed % | — | — | 1.3% | 14.7% | 7.6% | 1.5% | 10.2% | 4.6% |
| Return on equity % | — | — | -0.7% | 10.2% | 4% | 14.4% | 7.8% | 2.9% |
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.