Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 42.9% | 27.6% | 22.2% | 25% | 27.9% |
| EBITDA margin % | 5.1% | 5.3% | 4.8% | 4.1% | 5.1% |
| EBIT margin % | 5% | 5.1% | 4.7% | 3.8% | 4.6% |
| PAT margin % | 8.3% | 5.9% | 4.3% | 9.3% | 6.3% |
| Working capital | |||||
| Receivable days | 121 | 107 | 122 | 194 | 96 |
| Inventory days | 40 | 19 | 13 | 12 | 17 |
| Payable days | 83 | 96 | 99 | 152 | 45 |
| NWC days | 78 | 30 | 36 | 55 | 69 |
| Leverage | |||||
| Current ratio | 3.14 | 2.71 | 2.19 | 1.51 | 2.35 |
| Debt to EBITDA | 1.78 | 0.45 | 1.12 | 3.88 | 1.53 |
| Debt to equity | 0.1 | 0.03 | 0.07 | 0.17 | 0.08 |
| Interest coverage | 14.2 | 10.6 | 13 | 6.2 | 5.9 |
| Asset turnover | 0.87 | 0.9 | 0.98 | 0.68 | 0.79 |
| Return ratios | |||||
| Return on assets % | 7.3% | 5.3% | 4.2% | 6.3% | 5% |
| Return on capital employed % | 5.7% | 6.4% | 7.3% | 7.3% | 6.6% |
| Return on equity % | 9.3% | 6.7% | 5.9% | 10.3% | 6.4% |
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.