Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 13.1% | 16.5% | 16.7% | 29% | 33.6% |
| EBITDA margin % | 3.4% | 3.8% | 1.3% | 7.6% | 3.9% |
| EBIT margin % | 3% | 3.2% | 0.9% | 7.3% | 3.7% |
| PAT margin % | 1.1% | 0% | -2.4% | 0.6% | 1.8% |
| Working capital | |||||
| Receivable days | 162 | 205 | 168 | 69 | 57 |
| Inventory days | 128 | 260 | 150 | 103 | 68 |
| Payable days | 114 | 205 | 123 | 78 | 66 |
| NWC days | 177 | 259 | 195 | 94 | 59 |
| Leverage | |||||
| Current ratio | 2.31 | 2.33 | 2.47 | 1.58 | 1.58 |
| Debt to EBITDA | 8.28 | 12.64 | 43.88 | 3.18 | 3.72 |
| Debt to equity | 1.15 | 1.27 | 2.33 | 1.47 | 0.92 |
| Interest coverage | 2.1 | 1.5 | 0.4 | 2.8 | 2.3 |
| Asset turnover | 1.15 | 0.72 | 0.88 | 1.75 | 2.27 |
| Return ratios | |||||
| Return on assets % | 1.3% | 0% | -2.1% | 1% | 4.1% |
| Return on capital employed % | 6.2% | 4.9% | 2.4% | 18% | 19.5% |
| Return on equity % | 4.6% | 0% | -10% | 3.6% | 11.4% |
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.