Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 83.6% | 50% | 62.7% | 68.2% | — |
| EBITDA margin % | |||||
| 72.2% |
| 9.9% |
| 19.9% |
| 39% |
| 35.9% |
| EBIT margin % | 70.1% | 2.1% | 12.9% | 32.6% | 31.1% |
| PAT margin % | 64.2% | -11.3% | 9.5% | 12% | 58.3% |
| Working capital | |||||
| Receivable days | 47 | 165 | 128 | 110 | 120 |
| Inventory days | 164 | 114 | 165 | 401 | 809 |
| Payable days | 47 | 31 | 60 | 21 | 15 |
| NWC days | 164 | 248 | 233 | 489 | 914 |
| Leverage | |||||
| Current ratio | 0.54 | 2.33 | 4.27 | 1.59 | 4.22 |
| Debt to EBITDA | 0.81 | 24.27 | 16.72 | 6.72 | 4.84 |
| Debt to equity | 1.03 | 1.22 | 1.69 | 1.7 | 1.09 |
| Interest coverage | 14.3 | 0.3 | 1.4 | 1.7 | 6 |
| Asset turnover | 0.75 | 0.2 | 0.17 | 0.2 | 0.27 |
| Return ratios | |||||
| Return on assets % | 48.2% | -2.3% | 1.6% | 2.4% | 15.8% |
| Return on capital employed % | 80.4% | 1.6% | 7.1% | 9.3% | 29.7% |
| Return on equity % | 113.1% | -5.7% | 4.8% | 7.8% | 36.7% |
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.