Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 98.7% | — | — | — | — |
| EBITDA margin % | 31% | -5% | 26% | 61.8% | 16.8% | 9.9% |
| EBIT margin % | 15.2% | -30% | 6.8% | 24.1% | -7% | -11.8% |
| PAT margin % | 0.4% | -52.5% | -5.1% | 46% | 1% | 17.9% |
| Working capital | ||||||
| Receivable days | — | 98 | — | — | — | — |
| Inventory days | — | 3,011 | — | — | — | — |
| Payable days | — | 707 | — | — | — | — |
| NWC days | — | 2,403 | — | — | — | — |
| Leverage | ||||||
| Current ratio | — | 0.29 | 2.74 | 1.42 | 2.33 | 3.69 |
| Debt to EBITDA | — | — | 2.12 | 0.64 | 0 | 1.21 |
| Debt to equity | — | 8.71 | 0.58 | 0.13 | 0 | 0.03 |
| Interest coverage | 1 | -1 | 0.6 | 7.3 | 0.7 | 11.4 |
| Asset turnover | — | 0.21 | 0.5 | 0.23 | 0.25 | 0.17 |
| Return ratios | ||||||
| Return on assets % | — | -11.1% | -2.6% | 10.6% | 0.2% | 3% |
| Return on capital employed % | — | -18% | 6.7% | 17% | 0.2% | 3.8% |
| Return on equity % | — | -134.2% | -5.4% | 15.3% | 0.3% | 3.9% |
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.