Consolidated figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 48% | 45% | 42.4% | 38% | 39.8% | 41.9% | 36.5% |
| EBITDA margin % | -8.2% | -9.5% | 2.4% | 3.9% | 6.3% | 5.8% | 5.4% |
| EBIT margin % | -8.2% | -9.5% | -0.5% | 2% | 4.6% | 4.4% | 4.2% |
| PAT margin % | -0.1% | -5.6% | 5.4% | -2.4% | 4.2% | 3.2% | 3.3% |
| Working capital | |||||||
| Receivable days | 62 | 47 | 40 | 35 | 45 | 48 | 76 |
| Inventory days | 148 | 113 | 114 | 103 | 79 | 99 | 62 |
| Payable days | 148 | 96 | 92 | 86 | 67 | 85 | 93 |
| NWC days | 62 | 64 | 62 | 51 | 58 | 62 | 45 |
| Leverage | |||||||
| Current ratio | 0.85 | 0.88 | 0.73 | 0.72 | 1.1 | 1.13 | 1.5 |
| Debt to EBITDA | — | — | 20.58 | 9.59 | 4.62 | 4.61 | 3.65 |
| Debt to equity | 1.11 | 1.46 | 0.58 | 0.58 | 0.54 | 0.53 | 0.36 |
| Interest coverage | — | — | 0.3 | 0.7 | 3.1 | 3.9 | 4.1 |
| Asset turnover | 1.12 | 1.23 | 0.56 | 0.69 | 0.88 | 0.9 | 0.94 |
| Return ratios | |||||||
| Return on assets % | -0.1% | -6.9% | 3% | -1.6% | 3.7% | 2.9% | 3.1% |
| Return on capital employed % | -20.3% | -22.4% | 2.2% | 3.1% | 7.9% | 8.4% | 8.8% |
| Return on equity % | -0.3% | -30.5% | 6.3% | -3.8% | 7.8% | 6.3% | 6% |
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.