Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56% | 74.1% | 69.9% | 75.2% | 90.6% | 88.7% | 96.7% | 92.7% |
| EBITDA margin % | -21.4% | -54.4% | -32.9% | -3% | 33% | 25.5% | 24.4% | 10.3% |
| EBIT margin % | -22.8% | -56.2% | -35.3% | -4.9% | 31.9% | 23.9% | 22.3% | 6.8% |
| PAT margin % | 278.1% | -99.3% | -81.7% | -18.1% | 50% | 24.7% | 21.4% | -5.3% |
| Working capital | ||||||||
| Receivable days | — | — | 616 | 400 | 211 | 258 | 93 | 107 |
| Inventory days | — | — | 436 | 245 | 229 | 130 | 408 | 658 |
| Payable days | — | — | 2,141 | 1,490 | 1,378 | 1,193 | 3,417 | 1,973 |
| NWC days | — | — | -1,089 | -844 | -938 | -806 | -2,916 | -1,208 |
| Leverage | ||||||||
| Current ratio | — | — | 0.46 | 0.39 | 1.25 | 1.74 | 2.23 | 2.67 |
| Debt to EBITDA | — | — | — | — | 1.43 | 3.34 | 3.91 | 14.81 |
| Debt to equity | — | — | -0.89 | -1.01 | 3.81 | 3.05 | 1.38 | 1.53 |
| Interest coverage | 17.2 | -2.5 | -0.9 | 0.5 | 4.3 | 4 | 3.2 | 1.5 |
| Asset turnover | — | — | 0.27 | 0.35 | 0.54 | 0.45 | 0.36 | 0.24 |
| Return ratios | ||||||||
| Return on assets % | — | — | -21.9% | -6.3% | 27.1% | 11.2% | 7.6% | -1.3% |
| Return on capital employed % | — | — | 21.4% | -11.2% | 64.4% | 34.8% | 24.1% | 9.5% |
| Return on equity % | — | — | 34.4% | 7.8% | 403% | 88.6% | 30.9% | -5.3% |
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.