Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | — |
| EBITDA margin % | 17.4% | 15.4% | 51.1% | 46.7% |
| EBIT margin % | 16.9% | 10.8% | 49.4% | 44% |
| PAT margin % | 12.9% | 8.7% | 39.9% | 33.4% |
| Working capital | ||||
| Receivable days | 3 | 0 | 22 | 100 |
| Inventory days | 25 | 267 | 136 | 160 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 7.82 | 1.86 | 2.34 | 4.22 |
| Debt to EBITDA | 0 | 1.59 | 0.24 | 0.23 |
| Debt to equity | 0 | 0.24 | 0.24 | 0.11 |
| Interest coverage | 370 | 23.3 | 104 | 27.4 |
| Asset turnover | 3.27 | 0.69 | 1.37 | 0.79 |
| Return ratios | ||||
| Return on assets % | 42% | 6% | 54.8% | 26.2% |
| Return on capital employed % | 59.2% | 12.4% | 146% | 53.7% |
| Return on equity % | 44.8% | 8.5% | 75.6% | 32.8% |
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.