Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 73.3% | 77.7% | 77.7% | 69.8% | 73.2% | 81.8% | 82.6% |
| EBITDA margin % | — | 32.7% | 16.8% | 19.1% | 7.8% | 27.1% | 27.8% | 23.7% |
| EBIT margin % | — | 20.3% | -2.7% | 4.3% | -2.1% | 20.3% | 18% | 13.7% |
| PAT margin % | 16.1% | 4.9% | -8.2% | -5.3% | -142.4% | 43.7% | 3.4% | 8.8% |
| Working capital | ||||||||
| Receivable days | 37 | 47 | 130 | 152 | 30 | 39 | 40 | 39 |
| Inventory days | — | 47 | 68 | 33 | 98 | 104 | 141 | 129 |
| Payable days | — | 153 | 588 | 72 | 262 | 49 | 80 | 105 |
| NWC days | — | -59 | -390 | 112 | -134 | 93 | 101 | 63 |
| Leverage | ||||||||
| Current ratio | 0.72 | 0.46 | 0.54 | 0.48 | 0.38 | 0.75 | 0.91 | 1.01 |
| Debt to EBITDA | — | 1.89 | 8.98 | 8.43 | 16.67 | 3.42 | 3.44 | 3.26 |
| Debt to equity | 0.88 | 0.68 | 0.83 | 0.86 | 23.01 | 1.8 | 1.81 | 1.44 |
| Interest coverage | 0.1 | 2.5 | 1 | 1 | 0.3 | 2.3 | 2.3 | 2.1 |
| Asset turnover | 0.35 | 0.34 | 0.17 | 0.17 | 0.32 | 0.33 | 0.25 | 0.28 |
| Return ratios | ||||||||
| Return on assets % | 5.6% | 1.6% | -1.4% | -0.9% | -45.1% | 14.4% | 0.8% | 2.4% |
| Return on capital employed % | 0.4% | 12.4% | 4.4% | 4.2% | 1.6% | 16.1% | 14.5% | 11.9% |
| Return on equity % | 19.3% | 5.3% | -4.6% | -2.8% | -2,522.3% | 85.2% | 6.5% | 16.4% |
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.