Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 69.3% | 86.5% | 84.5% | 90.2% | 91.2% | — | — |
| EBITDA margin % | 24.9% | 39.3% | -62.1% | 38.1% | 32.9% | 31.9% | 36.5% |
| EBIT margin % | 0.2% | 8.7% | -86% | 13.7% | 9.8% | 3.5% | 7.8% |
| PAT margin % | -7.2% | -8.5% | 53.6% | 2% | 22% | 2.9% | 16.4% |
| Working capital | |||||||
| Receivable days | — | 214 | 87 | 79 | 77 | 70 | 36 |
| Inventory days | — | 8 | 10 | 11 | 29 | 1 | 0 |
| Payable days | — | 3,496 | 34 | 39 | 45 | 10 | 13 |
| NWC days | — | -3,274 | 63 | 52 | 60 | 61 | 22 |
| Leverage | |||||||
| Current ratio | — | 0.76 | 1.24 | 1.16 | 1.76 | 0.5 | 1 |
| Debt to EBITDA | — | 5.59 | — | 4.86 | 4.52 | 4.61 | 3.42 |
| Debt to equity | — | 1.17 | 0.91 | 0.69 | 0.49 | 0.43 | 0.37 |
| Interest coverage | 0.8 | 0.6 | 5.6 | 1.3 | 2.2 | 1.8 | 3.9 |
| Asset turnover | — | 0.17 | 0.22 | 0.2 | 0.2 | 0.18 | 0.19 |
| Return ratios | |||||||
| Return on assets % | — | -1.4% | 11.6% | 0.4% | 4.4% | 0.5% | 3.1% |
| Return on capital employed % | — | 3% | 23.2% | 4.2% | 4.7% | 3.2% | 5.5% |
| Return on equity % | — | -4.5% | 24.1% | 0.7% | 7.3% | 0.8% | 4.8% |
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.