Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.9% | 19.2% | 22% | 26.7% | 26.3% | 29.3% |
| EBITDA margin % | 0.1% | 1.6% | 6.2% | 13% | 13.5% | 16.4% |
| EBIT margin % | -8.7% | -4.3% | 1.4% | 9.2% | 10.1% | 13.2% |
| PAT margin % | -6.2% | -2.8% | 2.7% | 5.6% | 9.9% | 13.4% |
| Working capital | ||||||
| Receivable days | 23 | 21 | 14 | 5 | 8 | 8 |
| Inventory days | 136 | 89 | 77 | 83 | 73 | 72 |
| Payable days | 108 | 72 | 69 | 61 | 48 | 59 |
| NWC days | 52 | 38 | 22 | 27 | 32 | 20 |
| Leverage | ||||||
| Current ratio | 1.01 | 0.8 | 1.04 | 1.25 | 1.5 | 1.87 |
| Debt to EBITDA | 558.63 | 21.18 | 3.07 | 0.58 | 0.02 | 0 |
| Debt to equity | 0.35 | 0.61 | 0.51 | 0.23 | 0.01 | 0 |
| Interest coverage | -5.2 | -2.2 | 1.9 | 11 | 33.6 | 401.1 |
| Asset turnover | 0.61 | 0.89 | 1.25 | 1.58 | 1.57 | 1.39 |
| Return ratios | ||||||
| Return on assets % | -3.8% | -2.5% | 3.3% | 8.8% | 15.6% | 18.5% |
| Return on capital employed % | -6.2% | -3.7% | 5.4% | 25.8% | 28.1% | 33.1% |
| Return on equity % | -6.7% | -5.2% | 7.1% | 17.2% | 26.4% | 28.9% |
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.