Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 33.1% | 31.1% | 33% | 31% |
| EBITDA margin % | |||||
| — |
| 11.8% |
| 6.1% |
| 7% |
| 4.3% |
| EBIT margin % | — | 10.1% | 4% | 2.9% | -1.8% |
| PAT margin % | — | 7.9% | 2.7% | 0.2% | -4.9% |
| Working capital | |||||
| Receivable days | — | 107 | 136 | 144 | 135 |
| Inventory days | — | 126 | 116 | 130 | 153 |
| Payable days | — | 78 | 122 | 188 | 166 |
| NWC days | — | 154 | 129 | 86 | 123 |
| Leverage | |||||
| Current ratio | — | 2.49 | 1.4 | 1.2 | 1.08 |
| Debt to EBITDA | — | 0.57 | 2.09 | 3.53 | 8.27 |
| Debt to equity | 0 | 0.11 | 0.19 | 0.41 | 0.75 |
| Interest coverage | — | 18.3 | 5.2 | 1.6 | -0.4 |
| Asset turnover | 0 | 1.13 | 0.85 | 0.78 | 0.81 |
| Return ratios | |||||
| Return on assets % | 0% | 9% | 2.3% | 0.1% | -3.9% |
| Return on capital employed % | 0% | 18.9% | 7.6% | 5.3% | -2.3% |
| Return on equity % | 0% | 12.9% | 4.1% | 0.3% | -10.2% |
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.