Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 49% | 41.4% | 34.5% | 51.4% | 45% |
| EBITDA margin % | |||||
Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 49% | 41.4% | 34.5% | 51.4% | 45% |
| EBITDA margin % | |||||
| 15.3% |
| 2.9% |
| 1.4% |
| -0.6% |
| 15% |
| EBIT margin % | 13.2% | 0.9% | 0% | -2% | 13.7% |
| PAT margin % | 17.1% | 6.6% | 4% | 7.6% | 9.7% |
| Working capital | |||||
| Receivable days | 145 | 178 | 106 | 59 | 146 |
| Inventory days | 121 | 147 | 132 | 223 | 176 |
| Payable days | 98 | 118 | 94 | 86 | 108 |
| NWC days | 168 | 207 | 144 | 196 | 214 |
| Leverage | |||||
| Current ratio | 4.97 | 3.43 | 2.7 | 3.15 | 2.85 |
| Debt to EBITDA | 0.32 | 4.41 | 8.74 | — | 0.91 |
| Debt to equity | 0.03 | 0.1 | 0.14 | 0.18 | 0.16 |
| Interest coverage | 20.1 | 8.3 | 5.5 | 4.1 | 9.2 |
| Asset turnover | 0.5 | 0.59 | 0.8 | 0.85 | 0.81 |
| Return ratios | |||||
| Return on assets % | 8.5% | 3.9% | 3.2% | 6.4% | 7.8% |
| Return on capital employed % | 12.5% | 7.9% | 10.6% | 7.3% | 20.4% |
| Return on equity % | 10% | 4.9% | 4.5% | 8.8% | 11.3% |
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.