Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 27.6% | 9.3% | 33.4% | 21.5% | 31.5% | ||
| 18.7% |
| 25.9% |
| EBITDA margin % | -25.8% | -20.1% | -8.1% | -7.7% | -5.3% | -33% | -20.3% |
| EBIT margin % | -35.1% | -26.3% | -17.1% | -14.8% | -13.7% | -45.4% | -30.9% |
| PAT margin % | 98.5% | 82.6% | 16.7% | 15.9% | 19.4% | 5.6% | 11.2% |
| Working capital | |||||||
| Receivable days | — | 71 | 99 | 136 | 158 | 169 | 126 |
| Inventory days | — | 132 | 389 | 198 | 200 | 282 | 322 |
| Payable days | — | 16 | 41 | 46 | 52 | 71 | 75 |
| NWC days | — | 188 | 447 | 288 | 306 | 380 | 373 |
| Leverage | |||||||
| Current ratio | — | 3.82 | 6.42 | 10.39 | 6.39 | 4 | 4.64 |
| Debt to EBITDA | — | — | — | — | — | — | — |
| Debt to equity | — | 0.12 | 0.03 | 0.05 | 0.04 | 0.1 | 0.08 |
| Interest coverage | 14 | 41.2 | 6.6 | 5.8 | 7.7 | 2.7 | 2.7 |
| Asset turnover | — | 0.09 | 0.1 | 0.14 | 0.11 | 0.07 | 0.09 |
| Return ratios | |||||||
| Return on assets % | — | 7.4% | 1.6% | 2.2% | 2.1% | 0.4% | 1.1% |
| Return on capital employed % | — | 15.6% | 3% | 2.7% | 3.2% | 2% | 1.9% |
| Return on equity % | — | 8.5% | 1.8% | 2.4% | 2.3% | 0.5% | 1.2% |
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.