Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | 17.1% | — | — | — |
| EBITDA margin % | 41.7% | 540% | 10.7% | 208.5% | 218.8% | 66.8% |
| EBIT margin % | 39.2% | 508.8% | 10.5% | 203.4% | 215% | 64.7% |
| PAT margin % | 1.2% | 51.3% | 3.6% | 66.1% | 60% | 49.9% |
| Working capital | ||||||
| Receivable days | 275 | 1,592 | 85 | 19 | 87 | 3 |
| Inventory days | 7,045 | — | 288 | — | — | 10,070 |
| Payable days | 61 | — | 3 | — | — | 0 |
| NWC days | 7,259 | — | 370 | — | — | 10,073 |
| Leverage | ||||||
| Current ratio | 1.11 | 1.14 | 1.17 | 0.58 | 0.76 | 59.01 |
| Debt to EBITDA | 2.9 | 2.81 | 2.97 | 17.85 | 7.85 | 8.24 |
| Debt to equity | 1.35 | 1.67 | 3.36 | 2.05 | 2.55 | 0.43 |
| Interest coverage | 1 | 1.1 | 1.7 | 2.3 | 1.5 | 2.1 |
| Asset turnover | 0.07 | 0 | 0.74 | 0.02 | 0.03 | 0.04 |
| Return ratios | ||||||
| Return on assets % | 0.1% | 0.2% | 2.6% | 1.1% | 1.6% | 2% |
| Return on capital employed % | 12.5% | 16.5% | 27.1% | 5.5% | 32.4% | 7.4% |
| Return on equity % | 1.4% | 5.6% | 37.6% | 3.6% | 8.9% | 3.9% |
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.