Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 46.5% | 52.6% | 42.7% | 45.4% | 54.2% | 64% |
| EBITDA margin % | 3.8% | 4.5% | 4.3% | 6.8% | 2.8% | 5.9% |
| EBIT margin % | 1.8% | 3.1% | 2.6% | 4.6% | 0.1% | 3.3% |
| PAT margin % | -1% | 3.9% | 4.1% | 4.7% | 1.6% | 5.4% |
| Working capital | ||||||
| Receivable days | 75 | 47 | — | 49 | 48 | 53 |
| Inventory days | 159 | 82 | — | 108 | 191 | 321 |
| Payable days | 33 | 24 | — | 31 | 36 | 51 |
| NWC days | 201 | 106 | — | 125 | 202 | 323 |
| Leverage | ||||||
| Current ratio | 2.04 | 5.08 | — | 7.38 | 6.27 | 5.33 |
| Debt to EBITDA | 5.68 | 0.08 | — | 0 | 0 | 0 |
| Debt to equity | 0.4 | 0.01 | — | 0 | 0 | 0 |
| Interest coverage | 1.9 | 9.6 | — | 97 | — | — |
| Asset turnover | 1.19 | 1.98 | — | 1.47 | 1.12 | 1.16 |
| Return ratios | ||||||
| Return on assets % | -1.2% | 7.8% | — | 6.9% | 1.8% | 6.2% |
| Return on capital employed % | 6% | 13.8% | — | 10.2% | 3.1% | 9.2% |
| Return on equity % | -1.9% | 9.3% | — | 7.9% | 2.1% | 7.4% |
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.