Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 6.4% | 7.7% | — |
| EBITDA margin % | 3.6% | 3.8% | ||
| 3.9% |
| 2.6% |
| EBIT margin % | 3.3% | 3.3% | 3.5% | 2.2% |
| PAT margin % | 2.6% | 2.5% | 1.6% | 1.6% |
| Working capital | ||||
| Receivable days | — | 118 | 95 | — |
| Inventory days | — | 64 | 79 | — |
| Payable days | — | 58 | 45 | — |
| NWC days | — | 123 | 130 | — |
| Leverage | ||||
| Current ratio | 4.23 | 1.56 | 1.53 | 2.19 |
| Debt to EBITDA | 2.48 | 5.62 | 5.73 | 11.42 |
| Debt to equity | 0.24 | 0.5 | 0.45 | 0.58 |
| Interest coverage | 5.1 | 2.9 | 1.8 | 1.8 |
| Asset turnover | 1.86 | 1.26 | 1.17 | 1.09 |
| Return ratios | ||||
| Return on assets % | 4.9% | 3.1% | 1.8% | 1.8% |
| Return on capital employed % | 10% | 11.2% | 9.7% | 8.2% |
| Return on equity % | 7.1% | 5.8% | 3.1% | 3.2% |
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.