Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 18% | 0.6% | -1.2% | 13.8% | 13.9% | 14.1% |
| EBITDA margin % | 10.7% | -2.4% | -3.7% | 5.4% | 4.9% | 10.8% |
| EBIT margin % | 6.3% | -3.1% | -4.6% | 2% | 2.4% | 10.3% |
| PAT margin % | 8.2% | 0.1% | -3.3% | 6.1% | 7.3% | 8.9% |
| Working capital | ||||||
| Receivable days | 0 | 11 | 14 | 123 | 73 | 58 |
| Inventory days | 512 | 87 | 100 | 337 | 539 | 88 |
| Payable days | 0 | 0 | 0 | 0 | 122 | 2 |
| NWC days | 512 | 99 | 114 | 460 | 490 | 143 |
| Leverage | ||||||
| Current ratio | 135.5 | 18.45 | 11.7 | 44.55 | 4.19 | 11.68 |
| Debt to EBITDA | 0 | — | — | 0.14 | 1.17 | 0.03 |
| Debt to equity | 0 | 0.01 | 0.02 | 0 | 0.01 | 0 |
| Interest coverage | — | -21.5 | -14.3 | 13.7 | 16 | 89 |
| Asset turnover | 0.14 | 0.76 | 0.59 | 0.17 | 0.18 | 0.81 |
| Return ratios | ||||||
| Return on assets % | 1.2% | 0% | -1.9% | 1.1% | 1.3% | 7.2% |
| Return on capital employed % | 1.3% | -1.9% | -1.9% | 1.8% | 2% | 10.5% |
| Return on equity % | 1.3% | 0% | -2.1% | 1.2% | 1.5% | 8.2% |
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.