Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 85.5% | — | — | — | 29.7% | — |
| EBITDA margin % | — | -3.3% | 9.7% | 14.1% | 19.8% | 23.6% | 16.5% | 12.5% |
| EBIT margin % | — | -6.5% | 6.7% | 11.9% | 17.4% | 21.4% | 14% | 9.4% |
| PAT margin % | 0% | -19.2% | 1.8% | 2.7% | 67.6% | 14.9% | 10.3% | 15.3% |
| Working capital | ||||||||
| Receivable days | 127 | 96 | 115 | 111 | 81 | 70 | 67 | 152 |
| Inventory days | 123 | 42 | 350 | 49 | 47 | 26 | 28 | 22 |
| Payable days | 0 | 131 | 1,372 | 160 | 151 | 141 | 172 | 165 |
| NWC days | 249 | 7 | -908 | 0 | -22 | -46 | -77 | 8 |
| Leverage | ||||||||
| Current ratio | 0.98 | 0.87 | 0.9 | 0.63 | 0.88 | 1.12 | 0.88 | 1.57 |
| Debt to EBITDA | — | — | 18.64 | 10.35 | 4.88 | 1.64 | 1.7 | 2.57 |
| Debt to equity | 5.42 | 6.76 | 5.63 | 7.69 | 1.17 | 0.49 | 0.3 | 0.27 |
| Interest coverage | 0.5 | 0.2 | 0.8 | 1.3 | 1.3 | 3.9 | 3.8 | 5 |
| Asset turnover | 0.37 | 0.32 | 0.24 | 0.32 | 0.37 | 0.51 | 0.49 | 0.45 |
| Return ratios | ||||||||
| Return on assets % | -0% | -6.1% | 0.4% | 0.9% | 24.8% | 7.5% | 5% | 6.9% |
| Return on capital employed % | 7.4% | 3% | 11.1% | 31.4% | 29.9% | 24.8% | 16.2% | 13.7% |
| Return on equity % | -0% | -83% | 5.7% | 14.5% | 81.7% | 18.8% | 11.1% | 13.1% |
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.