Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | 34.4% | 45.2% | 44.1% | 42% |
| EBITDA margin % | |||||
| — |
| -0.2% |
| 7.7% |
| 6.3% |
| 3.9% |
| EBIT margin % | — | -2.1% | 6.1% | 4.4% | 1.5% |
| PAT margin % | — | -4.3% | 4.8% | 2.5% | 0.1% |
| Working capital | |||||
| Receivable days | — | 146 | 180 | 189 | 219 |
| Inventory days | — | 126 | 150 | 165 | 144 |
| Payable days | — | 137 | 160 | 129 | 137 |
| NWC days | — | 134 | 169 | 225 | 226 |
| Leverage | |||||
| Current ratio | 0.8 | 1.42 | 2.22 | 2.5 | 2.51 |
| Debt to EBITDA | — | — | 0.88 | 1.36 | 2.84 |
| Debt to equity | -5 | 0.69 | 0.12 | 0.14 | 0.15 |
| Interest coverage | — | -0.8 | 6.9 | 4.1 | 1.1 |
| Asset turnover | 0 | 1.18 | 1.08 | 1 | 0.86 |
| Return ratios | |||||
| Return on assets % | -20% | -5.1% | 5.1% | 2.5% | 0.1% |
| Return on capital employed % | — | -5.1% | 13.9% | 6.9% | 2.4% |
| Return on equity % | 100% | -14% | 8.7% | 4% | 0.1% |
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.