Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 47.9% | 40.8% | 35.9% | 30.9% |
| EBITDA margin % | 13.6% | 7.5% | 4.2% | 4.7% |
| EBIT margin % | 10.7% | 5% | 1.9% | 2.9% |
| PAT margin % | 7.7% | 3.8% | 1.3% | 1.2% |
| Working capital | ||||
| Receivable days | — | 44 | 44 | 33 |
| Inventory days | — | 82 | 62 | 76 |
| Payable days | — | 42 | 52 | 60 |
| NWC days | — | 84 | 54 | 49 |
| Leverage | ||||
| Current ratio | — | 1.43 | 1.4 | 1.14 |
| Debt to EBITDA | — | 2.82 | 6.01 | 4.11 |
| Debt to equity | — | 0.43 | 0.59 | 0.64 |
| Interest coverage | 24.1 | 10.8 | 3.7 | 2.2 |
| Asset turnover | — | 1.19 | 1.19 | 1.53 |
| Return ratios | ||||
| Return on assets % | — | 4.6% | 1.5% | 1.9% |
| Return on capital employed % | — | 9.2% | 4.8% | 7.5% |
| Return on equity % | — | 7.9% | 3% | 4% |
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.