Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 33.7% | 27% | 27.3% | 29.8% | 28.8% |
| EBITDA margin % | 9% | 8.9% | 4.5% | 8.3% | 7.9% |
| EBIT margin % | 4.6% | 6.2% | 0.7% | 4.6% | 4.6% |
| PAT margin % | 2.7% | 4.4% | -1.6% | 0.5% | 0.3% |
| Working capital | |||||
| Receivable days | 79 | 38 | 41 | 29 | 47 |
| Inventory days | 117 | 76 | 112 | 133 | 110 |
| Payable days | 112 | 72 | 108 | 118 | 108 |
| NWC days | 84 | 43 | 46 | 44 | 49 |
| Leverage | |||||
| Current ratio | 1.73 | 1.68 | 1.17 | 1.1 | 1.13 |
| Debt to EBITDA | 2.02 | 3.95 | 8.77 | 5.68 | 5.85 |
| Debt to equity | 0.14 | 0.42 | 0.59 | 0.68 | 0.77 |
| Interest coverage | 3.6 | 5.5 | 0.4 | 1.1 | 1.1 |
| Asset turnover | 0.56 | 0.73 | 0.77 | 0.7 | 0.77 |
| Return ratios | |||||
| Return on assets % | 1.5% | 3.2% | -1.2% | 0.3% | 0.3% |
| Return on capital employed % | 3.4% | 6.8% | 1.1% | 4.8% | 5.3% |
| Return on equity % | 2.1% | 5.4% | -2.4% | 0.7% | 0.6% |
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.