Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 36.7% | 28% | 32.6% | 28% | 31.4% |
| EBITDA margin % | 9.6% | 0.4% | 6.6% | 0.8% | 4.1% |
| EBIT margin % | 7.6% | -2.1% | 4.5% | -2.1% | 0.9% |
| PAT margin % | 2% | 1.5% | 6.2% | 2.1% | 3.8% |
| Working capital | |||||
| Receivable days | 63 | 49 | 37 | 40 | 38 |
| Inventory days | 122 | 119 | 88 | 102 | 170 |
| Payable days | 52 | 56 | 45 | 48 | 96 |
| NWC days | 134 | 113 | 80 | 94 | 112 |
| Leverage | |||||
| Current ratio | 3.96 | 4.33 | 3.52 | 3.82 | 2.58 |
| Debt to EBITDA | 0 | 0 | 0.61 | 5.37 | 1.15 |
| Debt to equity | 0 | 0 | 0.04 | 0.04 | 0.04 |
| Interest coverage | 63 | 17.1 | 29.8 | 7 | 10.4 |
| Asset turnover | 0.72 | 0.71 | 0.92 | 0.83 | 0.7 |
| Return ratios | |||||
| Return on assets % | 1.4% | 1.1% | 5.7% | 1.7% | 2.6% |
| Return on capital employed % | 7.9% | 1.4% | 9.3% | 2.8% | 5% |
| Return on equity % | 1.7% | 1.2% | 6.9% | 2.1% | 3.5% |
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.