Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 32.6% | 37.4% | 43% |
| EBITDA margin % | 6.3% | 10.8% | 12% |
| EBIT margin % |
| 2.8% |
| 7.9% |
| 8.1% |
| PAT margin % | 1.5% | 5.4% | 5.4% |
| Working capital | |||
| Receivable days | 29 | 48 | 35 |
| Inventory days | 86 | 72 | 148 |
| Payable days | 42 | 48 | 87 |
| NWC days | 74 | 72 | 96 |
| Leverage | |||
| Current ratio | 1 | 0.97 | 1 |
| Debt to EBITDA | 3.3 | 2.09 | 3.09 |
| Debt to equity | 1.11 | 0.91 | 1.16 |
| Interest coverage | 1.9 | 5.2 | 4.5 |
| Asset turnover | 1.91 | 1.56 | 1.1 |
| Return ratios | |||
| Return on assets % | 2.9% | 8.4% | 5.9% |
| Return on capital employed % | 15.1% | 29.9% | 23.5% |
| Return on equity % | 8.1% | 21.7% | 16.9% |
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.