Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 30.9% | 31.6% | 31.5% |
| EBITDA margin % | 1.8% | -0.6% | 4.3% |
| EBIT margin % | 0.5% | -2.1% | 3% |
| PAT margin % | -0.8% | -3.8% | 1.8% |
| Working capital | |||
| Receivable days | 71 | 67 | 78 |
| Inventory days | 68 | 79 | 87 |
| Payable days | 84 | 102 | 122 |
| NWC days | 55 | 44 | 43 |
| Leverage | |||
| Current ratio | 1.42 | 1.23 | 1.25 |
| Debt to EBITDA | 7.62 | — | 2.89 |
| Debt to equity | 0.36 | 0.38 | 0.36 |
| Interest coverage | 0.5 | -1 | 2.2 |
| Asset turnover | 1.31 | 1.29 | 1.26 |
| Return ratios | |||
| Return on assets % | -1.1% | -4.9% | 2.2% |
| Return on capital employed % | 2% | -3.9% | 7.7% |
| Return on equity % | -2.1% | -10.6% | 5.1% |
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.