Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 67% | 61.1% | 81.5% | — | — |
| EBITDA margin % | 39.6% | 39.5% | 60.6% | 73.2% | 77.5% |
| EBIT margin % | 2.4% | 6.9% | 5.8% | 8.9% | 34.9% |
| PAT margin % | 126.8% | 174.3% | 428.4% | 807.1% | 681.8% |
| Working capital | |||||
| Receivable days | 55 | 53 | 4 | 0 | 0 |
| Inventory days | 58 | 66 | 61 | 55 | 37 |
| Payable days | 149 | 126 | 41 | 37 | 11 |
| NWC days | -36 | -6 | 24 | 18 | 26 |
| Leverage | |||||
| Current ratio | 2.14 | 4.01 | 7.37 | 7.39 | 10.58 |
| Debt to EBITDA | 0 | 0 | 0 | 0.2 | 0.11 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 75 | 355 | 360 | 323 | 432 |
| Asset turnover | 0.06 | 0.05 | 0.03 | 0.02 | 0.02 |
| Return ratios | |||||
| Return on assets % | 7.4% | 9.1% | 10.9% | 13% | 12.6% |
| Return on capital employed % | 2.5% | 3.7% | 3.4% | 2.6% | 2.9% |
| Return on equity % | 7.6% | 9.3% | 11% | 13.2% | 12.7% |
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.