Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | 17% | 31.4% |
| EBITDA margin % | 26.3% | 5.1% | 6.6% | 11.2% | 7.7% | 26.9% |
| EBIT margin % | 25.6% | 4.9% | 6% | 11% | 7.7% | 26.8% |
| PAT margin % | 24.3% | 3.7% | 4.8% | 5.8% | 5.5% | 16.4% |
| Working capital | ||||||
| Receivable days | 0 | 29 | 260 | 71 | 6 | 41 |
| Inventory days | 2,596 | 628 | 10,474 | 4,273 | 2,032 | 0 |
| Payable days | 174 | 82 | 897 | 134 | 80 | 62 |
| NWC days | 2,421 | 575 | 9,837 | 4,210 | 1,959 | -21 |
| Leverage | ||||||
| Current ratio | 1.13 | 1.45 | 1.99 | 2.12 | 2.03 | 0.39 |
| Debt to EBITDA | 5.58 | 6.3 | 328.17 | 49.39 | 24.84 | 3.06 |
| Debt to equity | 0.74 | 0.25 | 2.35 | 2.44 | 1.67 | 1.33 |
| Interest coverage | 55.7 | — | 4.1 | 2.6 | 117 | 5.2 |
| Asset turnover | 0.12 | 0.36 | 0.03 | 0.08 | 0.17 | 0.41 |
| Return ratios | ||||||
| Return on assets % | 2.9% | 1.3% | 0.1% | 0.4% | 1% | 6.6% |
| Return on capital employed % | 9.5% | 4.2% | 0.6% | 2% | 2.8% | 21% |
| Return on equity % | 12.3% | 2.9% | 0.5% | 2.6% | 4.8% | 26.6% |
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.