Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 36.3% | 39.1% | 51.7% | 34.7% | 98.2% |
| EBITDA margin % | 8.9% | 8.1% | 8.6% | 6% | 7.2% |
| EBIT margin % | 8.7% | 8% | 8.4% | 5.3% | 6.2% |
| PAT margin % | 7.1% | 6.6% | 6.1% | 3.2% | 3.3% |
| Working capital | |||||
| Receivable days | 68 | 47 | 44 | 29 | 43 |
| Inventory days | 154 | 166 | 387 | 212 | 5,689 |
| Payable days | 28 | 46 | 118 | 89 | 1,080 |
| NWC days | 194 | 167 | 314 | 151 | 4,652 |
| Leverage | |||||
| Current ratio | 2.69 | 2.86 | 2.4 | 1.72 | 1.71 |
| Debt to EBITDA | 0.26 | 0.27 | 5.25 | 7.77 | 4.89 |
| Debt to equity | 0.03 | 0.03 | 0.45 | 0.81 | 0.76 |
| Interest coverage | 10.8 | 7.6 | 3.6 | 2.1 | 2.3 |
| Asset turnover | 1.02 | 1.06 | 0.56 | 0.78 | 1.08 |
| Return ratios | |||||
| Return on assets % | 7.2% | 7% | 3.4% | 2.5% | 3.5% |
| Return on capital employed % | 14.5% | 14.8% | 9.6% | 9.6% | 12.9% |
| Return on equity % | 9.6% | 9.5% | 6% | 5.4% | 7% |
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.