Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 63.5% | 67.6% | 40.3% | 40.8% | 28.8% | 37.1% | -20.1% |
| EBITDA margin % | 10.6% | 8.1% | 4.9% | 6.8% | -24.9% | -16.6% | -113.5% |
| EBIT margin % | 0.8% | -5.1% | -1.5% | 1.4% | -30.4% | -21.6% | -119.6% |
| PAT margin % | 2.8% | -1.1% | 22.3% | 2.5% | 21% | 80.7% | 61.1% |
| Working capital | |||||||
| Receivable days | — | 84 | 94 | 70 | 94 | 93 | 211 |
| Inventory days | — | 209 | 130 | 108 | 137 | 101 | 54 |
| Payable days | — | 116 | 85 | 55 | 53 | 109 | 116 |
| NWC days | — | 177 | 140 | 122 | 178 | 86 | 149 |
| Leverage | |||||||
| Current ratio | — | 1.92 | 2.24 | 2.6 | 1.86 | 5.71 | 9.14 |
| Debt to EBITDA | — | 4.28 | 6.48 | 2.07 | — | — | — |
| Debt to equity | — | 0.24 | 0.14 | 0.08 | 0.1 | 0.01 | 0 |
| Interest coverage | 2.2 | -0.6 | 1.8 | 4.2 | -0.8 | 1.8 | 28.8 |
| Asset turnover | — | 0.43 | 0.33 | 0.49 | 0.1 | 0.13 | 0.03 |
| Return ratios | |||||||
| Return on assets % | — | -0.5% | 7.4% | 1.2% | 2.1% | 10.4% | 2.1% |
| Return on capital employed % | — | -0.7% | 2% | 2.5% | -0.7% | 0.9% | 2.2% |
| Return on equity % | — | -0.8% | 9.9% | 1.4% | 2.6% | 11.1% | 2.2% |
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.