Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30.9% | 77.6% | 45.3% | 30.2% | 34.2% | 48% | 60% |
| EBITDA margin % | -49.3% | 20.9% | -142% | -423.8% | -105.9% | 21.5% | 34.6% |
| EBIT margin % | -60.9% | 12.4% | -163.6% | -482.9% | -131.2% | 20% | 33.2% |
| PAT margin % | 23.1% | 11% | -258.8% | -495.5% | -136.3% | 26.4% | 20.5% |
| Working capital | |||||||
| Receivable days | — | 239 | 596 | 827 | 7 | 45 | 268 |
| Inventory days | — | 742 | 717 | 1,582 | 2,029 | 195 | 787 |
| Payable days | — | 101 | 177 | 43 | 460 | 76 | 938 |
| NWC days | — | 879 | 1,135 | 2,366 | 1,575 | 164 | 117 |
| Leverage | |||||||
| Current ratio | — | 1.9 | 1.74 | 4.16 | 2.38 | 2.48 | 1.31 |
| Debt to EBITDA | — | 5.29 | — | — | — | 0.99 | 1.09 |
| Debt to equity | — | 0.32 | 0.37 | 0.13 | 0.26 | 0.26 | 0.65 |
| Interest coverage | 1.6 | 2.4 | -2.8 | -22.8 | -10.3 | 5.7 | 5.2 |
| Asset turnover | — | 0.2 | 0.09 | 0.04 | 0.12 | 0.8 | 0.47 |
| Return ratios | |||||||
| Return on assets % | — | 2.2% | -22.2% | -19.7% | -16.8% | 21.2% | 9.6% |
| Return on capital employed % | — | 5.3% | -15.9% | -28.1% | -25.5% | 29.3% | 67.7% |
| Return on equity % | — | 3.2% | -35.7% | -24.4% | -25.1% | 31.7% | 35.6% |
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.