Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 54.4% | 52.6% | 47.4% | 51.3% | 50.5% |
| EBITDA margin % | 22% | 20% | 15.5% | 0.9% | -4.9% |
| EBIT margin % | 16.3% | 14.7% | 11.6% | -8.1% | -12.7% |
| PAT margin % | 18.7% | 13.6% | 8.8% | -13.9% | -13.7% |
| Working capital | |||||
| Receivable days | 75 | 90 | 178 | 224 | 151 |
| Inventory days | 198 | 190 | 236 | 342 | 277 |
| Payable days | 79 | 70 | 119 | 166 | 132 |
| NWC days | 193 | 210 | 295 | 400 | 295 |
| Leverage | |||||
| Current ratio | 2.37 | 1.59 | 2.22 | 1.58 | 1.27 |
| Debt to EBITDA | 0.89 | 3.4 | 2.81 | 78.81 | — |
| Debt to equity | 0.28 | 0.46 | 0.3 | 0.5 | 0.6 |
| Interest coverage | 13.2 | 8.1 | 6.6 | -0.6 | -0.5 |
| Asset turnover | 0.8 | 0.39 | 0.43 | 0.37 | 0.43 |
| Return ratios | |||||
| Return on assets % | 15.1% | 5.2% | 3.8% | -5.2% | -5.9% |
| Return on capital employed % | 20.9% | 11.2% | 7.8% | -2.3% | -2.1% |
| Return on equity % | 26.6% | 9.3% | 6% | -9.6% | -11.8% |
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.