Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 77.3% | 92.3% | 90.8% | 91.6% | 91.7% | 91.8% | 91.9% | 92.9% |
| EBITDA margin % | 19% | 31.5% | -119.6% | 7.9% | 27.9% | 29.6% | 26.7% | 31.5% |
| EBIT margin % | 12.8% | 15.6% | -324.9% | -38.2% | 7.8% | 9.7% | 4.5% | 12.4% |
| PAT margin % | 6% | 0.8% | -267.2% | -36.7% | -9% | -0.5% | -4.9% | 5% |
| Working capital | ||||||||
| Receivable days | — | — | 40 | 22 | 18 | 14 | 15 | 15 |
| Inventory days | — | — | 354 | 112 | 78 | 53 | 63 | 57 |
| Payable days | — | — | 2,879 | 983 | 605 | 476 | 587 | 462 |
| NWC days | — | — | -2,485 | -848 | -509 | -409 | -510 | -391 |
| Leverage | ||||||||
| Current ratio | — | — | 0.89 | 0.6 | 0.41 | 0.42 | 0.43 | 0.47 |
| Debt to EBITDA | — | — | — | 14.24 | 1.71 | 0.95 | 0.97 | 0.36 |
| Debt to equity | — | — | 0.74 | 1.1 | 0.24 | 0.23 | 0.21 | 0.1 |
| Interest coverage | 3.3 | 1.2 | -0.9 | -0.4 | 0.7 | 0.9 | 0.5 | 1.4 |
| Asset turnover | — | — | 0.04 | 0.18 | 0.23 | 0.36 | 0.36 | 0.43 |
| Return ratios | ||||||||
| Return on assets % | — | — | -10% | -6.7% | -2% | -0.2% | -1.7% | 2.1% |
| Return on capital employed % | — | — | -6.9% | -3% | 3.7% | 5.2% | 3.1% | 7.5% |
| Return on equity % | — | — | -40.8% | -35.6% | -4.6% | -0.4% | -4% | 4.5% |
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.