Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 33.6% | 37.6% | 23.3% | 37.7% | 36.5% |
| EBITDA margin % | 27.2% | 28.2% | -0.7% | -259.2% | -220.2% |
| EBIT margin % | 27.1% | 28.1% | -0.8% | -259.8% | -220.8% |
| PAT margin % | 15.7% | 17% | -1.5% | -177.4% | -213.1% |
| Working capital | |||||
| Receivable days | 163 | 299 | 290 | 1,487 | 1,644 |
| Inventory days | 529 | 680 | 567 | 4,109 | 4,941 |
| Payable days | 67 | 54 | 11 | 140 | 213 |
| NWC days | 625 | 925 | 845 | 5,456 | 6,372 |
| Leverage | |||||
| Current ratio | 2.91 | 3.22 | 0.51 | 12.94 | 16.51 |
| Debt to EBITDA | 2.63 | 3.12 | — | — | — |
| Debt to equity | 0.75 | 0.64 | 9.47 | 0.08 | 0.07 |
| Interest coverage | 2.9 | 2.7 | 0.9 | -2.5 | -9.7 |
| Asset turnover | 0.41 | 0.31 | 0.06 | 0.02 | 0.02 |
| Return ratios | |||||
| Return on assets % | 6.5% | 5.3% | -0.1% | -3.3% | -3.6% |
| Return on capital employed % | 18.9% | 16.1% | 1.7% | -2.6% | -3.4% |
| Return on equity % | 16.5% | 12.4% | -1% | -4% | -4.3% |
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.