Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | 98.6% | 97% |
| EBITDA margin % | 9.2% | 13.4% | 13.8% | 3.5% | 5.4% | 7.7% | 5.8% | 2.3% |
| EBIT margin % | 5.1% | 7.5% | 8.3% | -0.2% | -4.7% | -3.9% | -6% | -9.4% |
| PAT margin % | 3.7% | 4.1% | 6% | 187% | 7.8% | 2.8% | 2.3% | 0.1% |
| Working capital | ||||||||
| Receivable days | — | — | 80 | 79 | 59 | 59 | 63 | 74 |
| Inventory days | — | — | 0 | 1 | 1 | 1 | 156 | 88 |
| Payable days | — | — | 29 | 73 | 36 | 25 | 3,058 | 1,006 |
| NWC days | — | — | 51 | 8 | 25 | 35 | -2,839 | -844 |
| Leverage | ||||||||
| Current ratio | — | — | 2.09 | 2.24 | 2.69 | 2.33 | 3.35 | 3.34 |
| Debt to EBITDA | — | — | 0.51 | 7.23 | 1.31 | 3.67 | 4.61 | 13.08 |
| Debt to equity | — | — | 0.19 | 0.1 | 0.04 | 0.17 | 0.15 | 0.16 |
| Interest coverage | 7.1 | 4.6 | 6.2 | 5.2 | 2.2 | 1.6 | 1.3 | 0.7 |
| Asset turnover | — | — | 1.29 | 0.28 | 0.4 | 0.41 | 0.39 | 0.37 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.7% | 52.5% | 3.1% | 1.2% | 0.9% | 0% |
| Return on capital employed % | — | — | 17.3% | 2.4% | 3.3% | 3.3% | 3.4% | 1.6% |
| Return on equity % | — | — | 16.1% | 75.6% | 4.1% | 1.8% | 1.3% | 0.1% |
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.