Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 30.3% | 41.2% | 51.3% | 48.9% | 39.8% |
| EBITDA margin % | 0.2% | 11.2% | 21.3% | 15.5% | 6% |
| EBIT margin % | -4.2% | 8% | 18.3% | 12.6% | 2.9% |
| PAT margin % | 33.9% | 9.7% | 20.2% | 0.1% | -10.9% |
| Working capital | |||||
| Receivable days | — | 97 | 118 | 111 | 117 |
| Inventory days | — | 52 | 54 | 48 | 68 |
| Payable days | 244 | 231 | 211 | 207 | 187 |
| NWC days | — | -82 | -40 | -47 | -2 |
| Leverage | |||||
| Current ratio | — | 0.21 | 0.28 | 0.27 | 0.72 |
| Debt to EBITDA | 445.57 | 3.9 | 2.13 | 0.66 | 22.56 |
| Debt to equity | 0.19 | 0.1 | 0.12 | 0.03 | 0.44 |
| Interest coverage | 5.4 | 9.1 | 22.1 | 31.7 | 2.8 |
| Asset turnover | 0.07 | 0.09 | 0.11 | 0.13 | 0.11 |
| Return ratios | |||||
| Return on assets % | 2.4% | 0.8% | 2.2% | 0% | -1.2% |
| Return on capital employed % | — | 3.6% | 4.4% | 16.9% | 0.9% |
| Return on equity % | 7.8% | 2.1% | 5.4% | 0% | -3.5% |
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.