Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 88.7% | 88.3% | 92.4% | 93.2% | — | — | — | — |
| EBITDA margin % | 47.4% | 39.8% | 14.8% | 40.7% | 52.5% | 37.8% | -20.6% | -111.4% |
| EBIT margin % | 40.1% | 32.8% | 2.5% | 28.2% | 37.2% | 25.8% | -37.6% | -128.6% |
| PAT margin % | 40.9% | 27.9% | 91.2% | -56.5% | 2.3% | 505.5% | 380.3% | -581.6% |
| Working capital | ||||||||
| Receivable days | 20 | 24 | 34 | 13 | 12 | 22 | 53 | 53 |
| Inventory days | 58 | 46 | 177 | 56 | 0 | 0 | 0 | 1,462 |
| Payable days | — | — | 545 | 333 | 59 | 103 | 67 | 27 |
| NWC days | — | — | -334 | -264 | -47 | -81 | -13 | 1,487 |
| Leverage | ||||||||
| Current ratio | 8.47 | 3.42 | 0.29 | 0.48 | 0.24 | 9.35 | 24.25 | 21.24 |
| Debt to EBITDA | — | 3.95 | 35.97 | 9.51 | 9.88 | 14.72 | — | — |
| Debt to equity | — | 0.42 | 1.5 | 1.53 | 1.55 | 0.66 | 2.21 | 4.72 |
| Interest coverage | 59 | 5.8 | 0.6 | 0.7 | 1.2 | 16.7 | 2.5 | 0 |
| Asset turnover | 0.25 | 0.17 | 0.06 | 0.14 | 0.1 | 0.05 | 0.01 | 0.01 |
| Return ratios | ||||||||
| Return on assets % | 10.1% | 4.9% | 5.5% | -7.7% | 0.2% | 26.1% | 5.4% | -6.5% |
| Return on capital employed % | 14.4% | 10.3% | 2.6% | 5.1% | 6.3% | 32.5% | 13.7% | 0.4% |
| Return on equity % | 11.4% | 7.4% | 25.6% | -22.4% | 0.7% | 59.8% | 17.7% | -37.8% |
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.