Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 72.2% | 72.6% | 74.7% | 71.8% |
| EBITDA margin % | — | 3.2% | 5.3% | 7.2% |
| EBIT margin % | — | 2.4% | 4.6% | 6.1% |
| PAT margin % | 0% | 0% | 2.4% | 2.9% |
| Working capital | ||||
| Receivable days | 49 | 59 | 79 | 87 |
| Inventory days | 103 | 73 | 103 | 128 |
| Payable days | 74 | 122 | 109 | 137 |
| NWC days | 78 | 10 | 73 | 77 |
| Leverage | ||||
| Current ratio | 0.94 | 0.94 | 1.42 | 1.34 |
| Debt to EBITDA | — | 3.4 | 2.09 | 2.11 |
| Debt to equity | 1.91 | 2.03 | 0.58 | 0.69 |
| Interest coverage | -0.3 | 1.1 | 3.1 | 3.6 |
| Asset turnover | 2.86 | 2.91 | 2.28 | 1.82 |
| Return ratios | ||||
| Return on assets % | 0.1% | 0.1% | 5.5% | 5.3% |
| Return on capital employed % | -7.7% | 31.8% | 33.8% | 26.7% |
| Return on equity % | 0.4% | 0.4% | 12.6% | 13.2% |
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.