Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 26.1% | 38.4% | 39.2% | 44.2% |
| EBITDA margin % | — | — | ||
| — |
| — |
| EBIT margin % | — | — | — | — |
| PAT margin % | 2.8% | 4% | 4.2% | 5.7% |
| Working capital | ||||
| Receivable days | 44 | 62 | 79 | 129 |
| Inventory days | 30 | 124 | 62 | 132 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 1.32 | 1.27 | 1.31 | 1.58 |
| Debt to EBITDA | — | — | — | — |
| Debt to equity | 1.34 | 1.83 | 1.45 | 1.72 |
| Interest coverage | 0.7 | -0.9 | -0.8 | -1.2 |
| Asset turnover | 1.35 | 1.01 | 1.49 | 1.01 |
| Return ratios | ||||
| Return on assets % | 3.8% | 4% | 6.2% | 5.8% |
| Return on capital employed % | 3% | -7.6% | -7.5% | -8% |
| Return on equity % | 10.8% | 13.5% | 17.1% | 17.3% |
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.