Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 99% | — | — | — | — | — |
| EBITDA margin % | — | — | 62.8% | 51.1% | 54.6% | 64.5% | — | 75.9% |
| EBIT margin % | — | — | 60.3% | 44.3% | 49.3% | 61.2% | — | 72.2% |
| PAT margin % | 19.7% | 15.2% | 25.9% | 16.9% | 10.2% | 19.1% | 25.5% | 25.6% |
| Working capital | ||||||||
| Receivable days | 0 | 0 | — | 2 | 0 | — | — | 0 |
| Inventory days | — | — | 922 | 0 | 0 | 0 | — | 0 |
| Payable days | — | — | — | — | — | — | — | 1 |
| NWC days | — | — | — | — | — | — | — | -1 |
| Leverage | ||||||||
| Current ratio | — | — | — | — | — | — | — | 3.82 |
| Debt to EBITDA | — | — | 4.44 | 7.01 | 6.91 | 4.46 | — | 3.84 |
| Debt to equity | 0 | 0.83 | 0.97 | 1.48 | 2.66 | 2.68 | — | 1.91 |
| Interest coverage | 0 | 0 | 2.3 | 2 | 1.4 | 1.7 | 0 | 1.9 |
| Asset turnover | 0.21 | 0.19 | 0.15 | 0.13 | 0.16 | 0.21 | 0.2 | 0.14 |
| Return ratios | ||||||||
| Return on assets % | 4.2% | 3% | 3.8% | 2.2% | 1.6% | 4% | 5% | 3.7% |
| Return on capital employed % | — | — | — | — | — | — | — | 13.8% |
| Return on equity % | 4.3% | 5.8% | 9% | 7% | 7.2% | 17.8% | 15.9% | 16.8% |
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.