Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 30.8% | 42.8% | 48.6% | 49% |
| EBITDA margin % | |||||
| — |
| 7.7% |
| 5.7% |
| 5% |
| 4.2% |
| EBIT margin % | — | 6.2% | 3.6% | 3% | 2.3% |
| PAT margin % | 6.5% | 4.2% | 1.9% | 0.6% | 0.8% |
| Working capital | |||||
| Receivable days | — | 21 | 13 | 7 | 7 |
| Inventory days | — | 163 | 288 | 288 | 231 |
| Payable days | — | 33 | 37 | 29 | 26 |
| NWC days | — | 151 | 265 | 267 | 213 |
| Leverage | |||||
| Current ratio | — | 1.31 | 1.19 | 1.14 | 1.16 |
| Debt to EBITDA | — | 3.92 | 7.67 | 8.55 | 8.06 |
| Debt to equity | — | 0.81 | 1.03 | 1.14 | 1.03 |
| Interest coverage | -0.8 | 4.3 | 2.4 | 1.3 | 1.6 |
| Asset turnover | — | 1.28 | 1.04 | 1.12 | 1.35 |
| Return ratios | |||||
| Return on assets % | — | 5.3% | 2% | 0.6% | 1.1% |
| Return on capital employed % | — | 14.4% | 8.9% | 6.6% | 7.9% |
| Return on equity % | — | 11.2% | 4.6% | 1.5% | 2.5% |
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.