Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 16.8% | 3.4% | 51.9% | — |
| EBITDA margin % | — | 3.6% | 1.1% | 27.9% | 55% |
| EBIT margin % | — | 2.3% | 0.9% | 20.8% | 30.5% |
| PAT margin % | — | 2.5% | 0.5% | 21% | 26.8% |
| Working capital | |||||
| Receivable days | — | 41 | 15 | 223 | 265 |
| Inventory days | — | 87 | 23 | 5 | 3 |
| Payable days | — | 0 | 1 | 0 | 0 |
| NWC days | — | 128 | 38 | 228 | 268 |
| Leverage | |||||
| Current ratio | — | 10.77 | 2.01 | 1.15 | 0.37 |
| Debt to EBITDA | — | 0.49 | 1.73 | 6.95 | 5.56 |
| Debt to equity | 0 | 0.04 | 0.24 | 1.25 | 1.91 |
| Interest coverage | — | 8.4 | 5.1 | 3.5 | 3.4 |
| Asset turnover | 0 | 1.85 | 7.33 | 0.25 | 0.1 |
| Return ratios | |||||
| Return on assets % | 0% | 4.7% | 3.8% | 5.2% | 2.6% |
| Return on capital employed % | 0% | 7.3% | 11% | 17.2% | 16.1% |
| Return on equity % | 0% | 5.2% | 6.4% | 13.6% | 16.7% |
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.