Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | — | 45.1% |
| EBITDA margin % | 2.3% | 5% | 72% | 9.8% | 0.3% | 4.6% |
| EBIT margin % | 0.5% | 3.6% | 70.8% | 8.5% | -1.5% | 3% |
| PAT margin % | 1.2% | 3.6% | 71.1% | 8.5% | 1.3% | 4.1% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | 50 |
| Inventory days | — | — | — | — | — | 236 |
| Payable days | — | — | — | — | — | 85 |
| NWC days | — | — | — | — | — | 201 |
| Leverage | ||||||
| Current ratio | 1.57 | 1.63 | 1.81 | 2.11 | 1.82 | 1.7 |
| Debt to EBITDA | 55.17 | 17.1 | 0 | 0 | 32.35 | 2.4 |
| Debt to equity | -1.59 | -1.71 | 0 | 0 | 0.16 | 0.22 |
| Interest coverage | 2.2 | 4.6 | 66.1 | 9.5 | 4.8 | 6.9 |
| Asset turnover | 1.2 | 1.61 | 1.7 | 1.49 | 1.15 | 1.16 |
| Return ratios | ||||||
| Return on assets % | 1.4% | 5.7% | 120.9% | 12.6% | 1.5% | 4.8% |
| Return on capital employed % | 4.4% | 13.1% | 230.7% | 24.2% | 4.4% | 14.4% |
| Return on equity % | -1.4% | -7.2% | 207.2% | 19.7% | 2.5% | 8.4% |
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.