Consolidated figures
| Ratio | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | 77.4% | 76.1% | 66.3% |
| EBITDA margin % | 17.4% | 9.3% | 14.6% | 4.3% | 40.2% | 20.2% | 4.3% |
| EBIT margin % | 17.4% | 5.9% | 11.9% | -0.3% | 37.2% | 16.9% | -0.3% |
| PAT margin % | 13.1% | -2.7% | 7.4% | -1% | 24.9% | 24.6% | -24.7% |
| Working capital | |||||||
| Receivable days | — | 41 | 51 | 65 | 189 | 278 | 371 |
| Inventory days | — | 87 | 34 | 50 | 153 | 16 | 24 |
| Payable days | — | 8 | 3 | 20 | 101 | 64 | 69 |
| NWC days | — | 120 | 81 | 95 | 241 | 230 | 326 |
| Leverage | |||||||
| Current ratio | — | 3.09 | 2.86 | 2.64 | 1.55 | 1.4 | 2.54 |
| Debt to EBITDA | — | 4.12 | 2.77 | 11.62 | 1.1 | 3.04 | 7.02 |
| Debt to equity | — | 0.45 | 0.39 | 0.27 | 0.29 | 0.33 | 0.1 |
| Interest coverage | 3.6 | 1.7 | 3.7 | 1.3 | 12.2 | 10.1 | 0.5 |
| Asset turnover | — | 0.58 | 0.53 | 0.33 | 0.41 | 0.33 | 0.28 |
| Return ratios | |||||||
| Return on assets % | — | -1.6% | 3.9% | -0.3% | 10.1% | 8.2% | -7% |
| Return on capital employed % | — | 4.2% | 8.1% | 2.2% | 20.9% | 19.5% | 0.8% |
| Return on equity % | — | -3.1% | 7.1% | -0.6% | 16.2% | 13.2% | -8.6% |
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.