Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 77% | 75.4% | 80.7% | 82.5% | 82.1% |
| EBITDA margin % | 2.1% | 7.4% | 15.2% | 18% | 22.7% |
| EBIT margin % | -0.7% | 6.4% | 8.5% | 4.6% | 7.8% |
| PAT margin % | 0% | 6.7% | 5.9% | 1.7% | 0.3% |
| Working capital | |||||
| Receivable days | 66 | 36 | 37 | 29 | 48 |
| Inventory days | 92 | 41 | 74 | 100 | 84 |
| Payable days | 285 | 210 | 186 | 188 | 246 |
| NWC days | -128 | -132 | -75 | -60 | -114 |
| Leverage | |||||
| Current ratio | 0.79 | 1.14 | 1.3 | 1.2 | 0.76 |
| Debt to EBITDA | 21.76 | 0.78 | 4.46 | 3.61 | 2.28 |
| Debt to equity | 0.45 | 0.11 | 0.94 | 0.57 | 0.5 |
| Interest coverage | 1.5 | 7.6 | 3.7 | 1.5 | 1.7 |
| Asset turnover | 0.46 | 1.13 | 0.49 | 0.38 | 0.42 |
| Return ratios | |||||
| Return on assets % | 0% | 7.5% | 2.9% | 0.7% | 0.1% |
| Return on capital employed % | 4.5% | 18.3% | 10.3% | 4.7% | 6.2% |
| Return on equity % | 0% | 12.6% | 8.1% | 1.5% | 0.2% |
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.