Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 36.9% | 32.6% | 32.5% | 38.1% | 37.5% |
| EBITDA margin % | 10.9% | 7.5% | -3.4% | 1.8% | -4.4% |
| EBIT margin % | 5.6% | 3.5% | -8.1% | -3.5% | -9.2% |
| PAT margin % | -0.6% | -0.5% | -9.9% | -6.8% | -5.5% |
| Working capital | |||||
| Receivable days | — | 91 | 80 | 89 | 67 |
| Inventory days | — | 117 | 140 | 160 | 141 |
| Payable days | — | 100 | 104 | 126 | 98 |
| NWC days | — | 108 | 115 | 124 | 111 |
| Leverage | |||||
| Current ratio | — | 1.22 | 0.93 | 1.04 | 1.19 |
| Debt to EBITDA | — | 6.19 | — | 37.93 | — |
| Debt to equity | — | 0.82 | 0.87 | 1.02 | 1 |
| Interest coverage | 0.9 | 0.8 | -1 | -0.3 | -1.3 |
| Asset turnover | — | 0.72 | 0.64 | 0.59 | 0.69 |
| Return ratios | |||||
| Return on assets % | — | -0.4% | -6.4% | -4% | -3.8% |
| Return on capital employed % | — | 4.7% | -6.2% | -2.2% | -8.2% |
| Return on equity % | — | -0.9% | -15.4% | -10.1% | -9% |
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.