Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 75.9% | 78.6% | 78.5% | 79.6% | 81.1% | 79% |
| EBITDA margin % | 3.4% | 13.6% | 2.4% | 6.1% | -4.2% | -13.5% |
| EBIT margin % | 1.3% | 12.1% | 1.2% | 4.8% | -8.3% | -17.7% |
| PAT margin % | -7.8% | 2.9% | -1% | -1.4% | -11.6% | -12.4% |
| Working capital | ||||||
| Receivable days | 61 | 61 | 51 | 53 | 59 | 38 |
| Inventory days | 268 | 254 | 227 | 258 | 208 | 200 |
| Payable days | 149 | 168 | 137 | 129 | 93 | 129 |
| NWC days | 179 | 147 | 141 | 182 | 174 | 109 |
| Leverage | ||||||
| Current ratio | 1.27 | 0.62 | 0.67 | 1.49 | 0.46 | 0.45 |
| Debt to EBITDA | 36.87 | 6.4 | 32.72 | 10.3 | — | — |
| Debt to equity | 22.49 | 11.45 | 13.2 | 2.1 | 6.95 | 7.27 |
| Interest coverage | 0.1 | 1.2 | 0.3 | 1.3 | -2 | -1.2 |
| Asset turnover | 0.54 | 0.73 | 0.81 | 0.77 | 0.93 | 0.95 |
| Return ratios | ||||||
| Return on assets % | -4.2% | 2.1% | -0.8% | -1.1% | -10.8% | -11.8% |
| Return on capital employed % | 1.1% | 15.5% | 2.5% | 7% | -11.6% | -22.6% |
| Return on equity % | -141.9% | 38.6% | -16.1% | -4.8% | -147.1% | -146.8% |
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.