Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 92.9% | 96.8% | 93.1% | 69% |
| EBITDA margin % | — | — | — | 19.9% |
| EBIT margin % | — | — | — | 8% |
| PAT margin % | -1.7% | 5.7% | 4.5% | 5.7% |
| Working capital | ||||
| Receivable days | 27 | 19 | 7 | 7 |
| Inventory days | 834 | 1,220 | 863 | 138 |
| Payable days | — | — | — | 127 |
| NWC days | — | — | — | 19 |
| Leverage | ||||
| Current ratio | 2.46 | 2.28 | 1.94 | 2.26 |
| Debt to EBITDA | — | — | — | 0.13 |
| Debt to equity | 0.17 | 0.09 | 0.06 | 0.03 |
| Interest coverage | -3.3 | -3.2 | -3 | 4.9 |
| Asset turnover | 0.4 | 0.68 | 0.64 | 0.61 |
| Return ratios | ||||
| Return on assets % | -0.7% | 3.9% | 2.8% | 3.5% |
| Return on capital employed % | -3.5% | -6.3% | -5.3% | 8.6% |
| Return on equity % | -1.2% | 6.8% | 5% | 5.7% |
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.