Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 90.4% | 23.4% | — | — | 82.9% | — | — |
| EBITDA margin % | 30% | -25.9% | 8.9% | 23.4% | 16% | 16.8% | 17.4% |
| EBIT margin % | 28.6% | -27.2% | 8% | 22.7% | 15.6% | 16.3% | 16.3% |
| PAT margin % | 12.3% | -50.2% | -7.6% | 6.9% | 5.7% | 7.8% | 6.3% |
| Working capital | |||||||
| Receivable days | — | — | — | 91 | 112 | 30 | 29 |
| Inventory days | — | — | — | 888 | 2,017 | 672 | 1,326 |
| Payable days | — | — | — | 51 | 140 | 27 | 86 |
| NWC days | — | — | — | 927 | 1,989 | 675 | 1,269 |
| Leverage | |||||||
| Current ratio | — | — | — | 3.89 | 3.02 | 3.71 | 3.39 |
| Debt to EBITDA | — | — | — | 5.83 | 4.14 | 2.71 | 7.17 |
| Debt to equity | — | — | — | 2.06 | 1.57 | 0.4 | 0.63 |
| Interest coverage | 2.3 | -1.4 | 0.8 | 1.6 | 1.7 | 2.5 | 2 |
| Asset turnover | — | — | — | 0.37 | 0.63 | 0.45 | 0.24 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 2.5% | 3.6% | 3.5% | 1.5% |
| Return on capital employed % | — | — | — | 11.4% | 14.4% | 11.7% | 7% |
| Return on equity % | — | — | — | 10.4% | 13.6% | 6.9% | 3.2% |
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.