Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 67.7% | 63% | — | — | — | — | — |
| EBITDA margin % | 13.3% | 0.8% | -3.2% | 35.7% | 18.3% | -2.6% | -11.1% |
| EBIT margin % | 11.2% | -1.8% | -4.6% | 34.7% | 16.5% | -5.1% | -15.3% |
| PAT margin % | 7.9% | 2% | 2.2% | 27.4% | 14.7% | 0.5% | -8.2% |
| Working capital | |||||||
| Receivable days | 76 | 161 | — | — | — | — | — |
| Inventory days | 150 | 189 | — | — | — | — | — |
| Payable days | — | — | — | — | — | — | — |
| NWC days | — | — | — | — | — | — | — |
| Leverage | |||||||
| Current ratio | 5.14 | 5.28 | 7.54 | 10.72 | 8.23 | 8.82 | 9.28 |
| Debt to EBITDA | 0.15 | 1.79 | — | 0.01 | 0.07 | — | — |
| Debt to equity | 0.02 | 0.01 | 0.04 | 0 | 0.01 | 0.01 | 0.02 |
| Interest coverage | 12.4 | 0.7 | 2.7 | 122.2 | 105.7 | 5.6 | -33.6 |
| Asset turnover | 0.8 | 0.52 | 0.95 | 1.08 | 1 | 0.77 | 0.61 |
| Return ratios | |||||||
| Return on assets % | 6.3% | 1% | 2.1% | 29.5% | 14.7% | 0.4% | -5% |
| Return on capital employed % | 10.5% | 0.2% | 1.6% | 52% | 21.8% | 1% | -5.6% |
| Return on equity % | 7% | 1.1% | 2.4% | 32.5% | 16.6% | 0.5% | -5.6% |
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.