Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 61.5% | 44.5% | 35.7% | 32.6% | 39.7% |
| EBITDA margin % | 19.9% | 16.3% | 9.6% | -1.3% | 10% |
| EBIT margin % | 8.6% | 13.9% | 7.2% | -4.3% | 8% |
| PAT margin % | -76.6% | 45.9% | -5.1% | -8.5% | 9.9% |
| Working capital | |||||
| Receivable days | 47 | 17 | 19 | 8 | 6 |
| Inventory days | 2,155 | 422 | 394 | 526 | 436 |
| Payable days | 499 | 38 | 24 | 11 | 28 |
| NWC days | 1,703 | 401 | 389 | 523 | 413 |
| Leverage | |||||
| Current ratio | 1.01 | 1.37 | 1.39 | 1.64 | 10.07 |
| Debt to EBITDA | 11.48 | 3.13 | 6.22 | — | 0 |
| Debt to equity | 1.89 | 0.74 | 0.83 | 0.82 | 0 |
| Interest coverage | 0.4 | 2.6 | 1.1 | 0.3 | 761.5 |
| Asset turnover | 0.22 | 0.72 | 0.68 | 0.5 | 0.67 |
| Return ratios | |||||
| Return on assets % | -16.9% | 33.1% | -3.5% | -4.3% | 6.6% |
| Return on capital employed % | 6.4% | 27.5% | 8.8% | 2.2% | 8.2% |
| Return on equity % | -63.2% | 66.5% | -7.2% | -8.6% | 7.6% |
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.