Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 74.9% | 0.9% | 0.5% | 0.7% | 0.6% | 0.2% | 0.1% | 0.1% |
| EBITDA margin % | 74.6% | 0.8% | 0.4% | 0.5% | 0.5% | 0.1% | 0% | 0% |
| EBIT margin % | 74.6% | 0.7% | 0.3% | 0.4% | 0.4% | 0.1% | 0% | 0% |
| PAT margin % | 74.3% | 0.7% | 0.3% | 0.4% | 0.4% | 0.1% | 0% | 0% |
| Working capital | ||||||||
| Receivable days | 13 | 17 | 15 | 16 | 11 | 15 | 4 | 3 |
| Inventory days | 33 | 9 | 11 | 12 | 7 | 5 | 8 | 8 |
| Payable days | 111 | 35 | 16 | 16 | 8 | 8 | 11 | 10 |
| NWC days | -66 | -9 | 9 | 12 | 10 | 12 | 2 | 1 |
| Leverage | ||||||||
| Current ratio | — | — | 1.72 | 1.87 | 2.44 | 2.78 | — | 1.19 |
| Debt to EBITDA | 0.05 | 0.87 | 1.04 | 0.75 | 0.47 | 2.01 | 5.52 | 9.5 |
| Debt to equity | 0.7 | 0.12 | 0.09 | 0.07 | 0.05 | 0.04 | 0.06 | 0.06 |
| Interest coverage | 296.9 | — | — | — | — | 3.6 | 1.8 | 2 |
| Asset turnover | 6.09 | 6.37 | 11 | 10.17 | 14.85 | 12.72 | 14.4 | 19.04 |
| Return ratios | ||||||||
| Return on assets % | 452.9% | 4.4% | 3.6% | 4.2% | 6.3% | 1.5% | 0.3% | 0.3% |
| Return on capital employed % | — | — | 7.9% | 8.7% | 10.8% | 3.3% | — | 1.9% |
| Return on equity % | 1,477.5% | 12.8% | 7.5% | 8.1% | 9.7% | 2.2% | 0.6% | 0.7% |
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.