Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 69.2% | 67.8% | 65.5% | 64.8% |
| EBITDA margin % | — | 20.6% | 16.2% | 13.1% | 15.4% |
| EBIT margin % | — | 8.3% | 3.9% | 1.1% | 3.3% |
| PAT margin % | — | 5.6% | 3.9% | -1.6% | 0.1% |
| Working capital | |||||
| Receivable days | — | 42 | 27 | 12 | 12 |
| Inventory days | — | 152 | 76 | 59 | 55 |
| Payable days | — | 374 | 160 | 154 | 131 |
| NWC days | — | -181 | -56 | -84 | -64 |
| Leverage | |||||
| Current ratio | — | 0.46 | 0.53 | 0.51 | 0.5 |
| Debt to EBITDA | — | 3.43 | 0.59 | 0.49 | 0.34 |
| Debt to equity | 0 | 2.05 | 0.25 | 0.17 | 0.16 |
| Interest coverage | — | 1.7 | 1.7 | 0.6 | 1.1 |
| Asset turnover | — | 0.34 | 0.82 | 0.82 | 1.02 |
| Return ratios | |||||
| Return on assets % | — | 1.9% | 3.2% | -1.3% | 0.1% |
| Return on capital employed % | — | 7.6% | 15.4% | 4.3% | 6.7% |
| Return on equity % | 0% | 16.3% | 10% | -4.2% | 0.3% |
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.