Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | -15.8% | — | — | — | — | — | — |
| EBITDA margin % | — | — | 22.5% | 12.9% | 7.7% | 20% | 36% | 7.4% |
| EBIT margin % | — | — | 22.1% | 12.8% | 7.7% | 20% | 35.7% | 7.1% |
| PAT margin % | 0.4% | -5.3% | 20.8% | 11.4% | 6.2% | 13.9% | 39.1% | 21.7% |
| Working capital | ||||||||
| Receivable days | — | — | 2,527 | 473 | 337 | 436 | 1,729 | 1,491 |
| Inventory days | — | — | 5,143 | 567 | 461 | 284 | 2,937 | 2,720 |
| Payable days | — | — | 2,947 | 477 | 528 | 413 | 1,659 | 662 |
| NWC days | — | — | 4,723 | 563 | 270 | 307 | 3,007 | 3,549 |
| Leverage | ||||||||
| Current ratio | — | — | 2.27 | 1.93 | 1.52 | 1.74 | 3.43 | 7.15 |
| Debt to EBITDA | — | — | 4.34 | 2.74 | 3.45 | 2.08 | 2.32 | 5.28 |
| Debt to equity | — | — | 0.08 | 0.22 | 0.29 | 0.47 | 0.11 | 0.04 |
| Interest coverage | 1.3 | 0.8 | 34 | 10.1 | 6.5 | 17.7 | 37.1 | 95.5 |
| Asset turnover | — | — | 0.05 | 0.3 | 0.38 | 0.34 | 0.08 | 0.07 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1% | 3.5% | 2.4% | 4.7% | 3.1% | 1.4% |
| Return on capital employed % | — | — | 1.9% | 8.5% | 8.7% | 16.8% | 5.1% | 2.2% |
| Return on equity % | — | — | 1.7% | 7.2% | 6.8% | 15.8% | 5.1% | 2.1% |
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.