Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 34.4% | 35.8% | 36.9% | 39.4% | 45.5% |
| EBITDA margin % | 12.2% | 13% | 9.1% | 10.4% | 0.8% |
| EBIT margin % | 9.2% | 9.9% | 6.4% | 6.9% | -9.6% |
| PAT margin % | 9.9% | 9.8% | 7.2% | 4% | -12.8% |
| Working capital | |||||
| Receivable days | 121 | 126 | — | 198 | 184 |
| Inventory days | 61 | 56 | — | 142 | 142 |
| Payable days | 71 | 64 | — | 137 | 146 |
| NWC days | 111 | 118 | — | 202 | 180 |
| Leverage | |||||
| Current ratio | 3.39 | 3.46 | — | 1.38 | 1.62 |
| Debt to EBITDA | 0.49 | 0.64 | — | 5.82 | 66.74 |
| Debt to equity | 0.09 | 0.11 | — | 0.8 | 0.54 |
| Interest coverage | 70.6 | 32.3 | 11.8 | 5.7 | -1.6 |
| Asset turnover | 1.03 | 0.94 | — | 0.52 | 0.52 |
| Return ratios | |||||
| Return on assets % | 10.2% | 9.2% | — | 2.1% | -6.7% |
| Return on capital employed % | 17.8% | 16.9% | — | 7.2% | -5.6% |
| Return on equity % | 14.1% | 12.5% | — | 5.3% | -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.