Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 87.9% | 81.1% | 86.2% | 81.4% | — |
| EBITDA margin % | 59.6% | 64.2% | 62.2% | 60.9% | 49.7% | 64.5% | 43.7% | 13.3% |
| EBIT margin % | 44.9% | 58.2% | 48.8% | 43.3% | 32% | 54.1% | 29.1% | -9.6% |
| PAT margin % | -4.8% | 38.6% | -30.2% | 21.6% | 9.5% | 39.7% | 13.7% | 262.2% |
| Working capital | ||||||||
| Receivable days | 64 | 11 | 15 | 14 | 1 | 2 | 4 | 1 |
| Inventory days | 62 | 18 | 31 | 145 | 83 | 25 | 23 | 0 |
| Payable days | 50 | 22 | — | 70 | 29 | 26 | 24 | — |
| NWC days | 76 | 7 | — | 88 | 55 | 1 | 2 | — |
| Leverage | ||||||||
| Current ratio | 0.65 | 0.73 | 0.55 | 1.27 | 1.1 | 8.44 | 3.39 | 33.29 |
| Debt to EBITDA | 8.3 | 2.77 | 4.04 | 5.53 | 6 | 2.61 | 4.5 | 0.07 |
| Debt to equity | 0.66 | 0.53 | 0.58 | 0.4 | 0.35 | 0.23 | 0.21 | 0 |
| Interest coverage | 1.5 | 3.6 | 2.2 | 2.4 | 2 | 5.6 | 2.2 | 5.1 |
| Asset turnover | 0.07 | 0.18 | 0.12 | 0.07 | 0.08 | 0.1 | 0.07 | 0.05 |
| Return ratios | ||||||||
| Return on assets % | -0.4% | 7% | -3.7% | 1.6% | 0.7% | 3.8% | 1% | 13.3% |
| Return on capital employed % | 4.7% | 11.7% | 7.6% | 6% | 4.4% | 11.1% | 3.9% | 5.3% |
| Return on equity % | -0.6% | 11.6% | -7% | 2.5% | 1.1% | 5.4% | 1.4% | 13.9% |
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.