Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 34.9% | 33.2% | 34.4% | 46.4% | 37.8% | 27.7% |
| EBITDA margin % | -151.4% | 14.2% | 6.5% | 22.5% | 19% | 13.3% |
| EBIT margin % | -777.1% | 7.7% | -3.9% | 19.7% | 17.3% | 11.3% |
| PAT margin % | -497.3% | 6.6% | 1.1% | 113.3% | 10.4% | -6.6% |
| Working capital | ||||||
| Receivable days | 1,326 | 11 | 45 | 169 | 324 | 375 |
| Inventory days | 972 | 96 | 382 | 100 | 100 | 77 |
| Payable days | 817 | 6 | 14 | 42 | 244 | 174 |
| NWC days | 1,480 | 100 | 413 | 227 | 180 | 278 |
| Leverage | ||||||
| Current ratio | 0.31 | 2.6 | 1.52 | 3.32 | 2.22 | 1.91 |
| Debt to EBITDA | — | 1.12 | 10.92 | 0.94 | 2.42 | 1.75 |
| Debt to equity | 5.54 | 0.11 | 0.26 | 0.1 | 0.2 | 0.2 |
| Interest coverage | -59.2 | 2.7 | 1.3 | 7.8 | 3.8 | 3.8 |
| Asset turnover | 0.02 | 0.6 | 0.26 | 0.39 | 0.3 | 0.54 |
| Return ratios | ||||||
| Return on assets % | -8.3% | 3.9% | 0.3% | 43.9% | 3.1% | -3.6% |
| Return on capital employed % | -17.1% | 9.8% | 1.6% | 13.5% | 9.9% | 9.8% |
| Return on equity % | -108.2% | 4.7% | 0.4% | 50.7% | 4.4% | -5.8% |
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.