Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 14.1% | 36.6% | 91% | 93.7% | 97.5% | — |
| EBITDA margin % | 10.9% | 21.4% | 46.9% | 47.9% | 70.8% | 81.8% |
| EBIT margin % | 10.9% | 21.4% | 46.1% | 46.2% | 70.2% | 81.2% |
| PAT margin % | 8.1% | 24.5% | 45.7% | 48.7% | 70.5% | 85.5% |
| Working capital | ||||||
| Receivable days | 607 | 683 | 647 | 661 | 0 | 11 |
| Inventory days | 5 | 58 | 3,020 | 6,546 | 5,130 | 779 |
| Payable days | 342 | 16 | 879 | 535 | 183 | 155 |
| NWC days | 270 | 725 | 2,787 | 6,671 | 4,948 | 636 |
| Leverage | ||||||
| Current ratio | 1.88 | 8.86 | 1.6 | 1.69 | 6.25 | 1.17 |
| Debt to EBITDA | 0.07 | 0.27 | 2.43 | 5.31 | 0.39 | 1.05 |
| Debt to equity | 0.01 | 0.02 | 0.32 | 0.61 | 0.13 | 0.27 |
| Interest coverage | — | — | — | — | — | 16 |
| Asset turnover | 0.43 | 0.34 | 0.19 | 0.14 | 0.41 | 0.24 |
| Return ratios | ||||||
| Return on assets % | 3.5% | 8.4% | 8.6% | 6.8% | 28.7% | 20.6% |
| Return on capital employed % | 7.7% | 9.6% | 13.7% | 10.9% | 34.4% | 29% |
| Return on equity % | 5.7% | 9.2% | 12.7% | 11.6% | 33.4% | 27.1% |
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.