Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 1.4% | 1.6% | 1.4% | 2.5% | 1.1% | 0.2% |
| EBITDA margin % | 0.8% | 1% | 0.8% | 1.7% | 0.6% | -0% |
| EBIT margin % | 0.7% | 0.9% | 0.7% | 1.6% | 0.6% | -0.1% |
| PAT margin % | 0.8% | 1% | 1% | 0.6% | 0.5% | 0% |
| Working capital | ||||||
| Receivable days | 23 | 15 | 29 | 37 | 14 | 3 |
| Inventory days | 4 | 5 | 21 | 21 | 21 | 1 |
| Payable days | 10 | 3 | 6 | 20 | 1 | 0 |
| NWC days | 16 | 17 | 44 | 39 | 34 | 4 |
| Leverage | ||||||
| Current ratio | 2.81 | 6.31 | 2.51 | 1.69 | 1.94 | 2.53 |
| Debt to EBITDA | 2.29 | 2.97 | 6.35 | 5.15 | 10.76 | — |
| Debt to equity | 0.36 | 0.4 | 0.51 | 0.84 | 1.22 | 0.72 |
| Interest coverage | 3.7 | 3.9 | 5.1 | 2.7 | 2.7 | 1.7 |
| Asset turnover | 10.59 | 8.89 | 6.02 | 3.98 | 7.85 | 35.27 |
| Return ratios | ||||||
| Return on assets % | 8.8% | 9% | 5.7% | 2.2% | 3.8% | 1% |
| Return on capital employed % | 18.3% | 15.2% | 9.9% | 16.4% | 21.7% | 8.5% |
| Return on equity % | 17.7% | 14.2% | 10.1% | 5.3% | 9.1% | 1.8% |
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.