Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 31.5% | 30.8% | 28.2% | 31.3% | 39.1% |
| EBITDA margin % | -2.3% | 0.2% | -6% | -3.8% | -1% |
| EBIT margin % | -5.6% | -2.5% | -9.2% | -4.7% | -1.8% |
| PAT margin % | -5.8% | -3.4% | 11.7% | 2.4% | 2.8% |
| Working capital | |||||
| Receivable days | 98 | 82 | 19 | 25 | 50 |
| Inventory days | 85 | 84 | 29 | 28 | 40 |
| Payable days | 23 | 36 | 21 | 25 | 43 |
| NWC days | 160 | 130 | 27 | 28 | 47 |
| Leverage | |||||
| Current ratio | 1.39 | 1.43 | 2.95 | 5.11 | 4.22 |
| Debt to EBITDA | — | 121.99 | — | — | — |
| Debt to equity | -5.47 | -3.36 | 0 | 0 | 0 |
| Interest coverage | -1.1 | -0.4 | -2.5 | 16.4 | 16.9 |
| Asset turnover | 1.38 | 1.63 | 3.69 | 1.63 | 1.23 |
| Return ratios | |||||
| Return on assets % | -7.9% | -5.5% | 43.1% | 3.9% | 3.4% |
| Return on capital employed % | -9.2% | -3.1% | -26.9% | 6.7% | 6.4% |
| Return on equity % | 108.2% | 40% | 63.8% | 4.9% | 4.5% |
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.