Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | — | — | — |
| EBITDA margin % | 18.8% | 14% | 7.1% | 11.7% | 9.4% |
| EBIT margin % | 14% | 10% | 3.3% | 7.4% | 4.7% |
| PAT margin % | 7.2% | 5% | 1% | 3.5% | 2.7% |
| Working capital | |||||
| Receivable days | — | — | — | — | — |
| Inventory days | — | — | — | — | — |
| Payable days | — | — | — | — | — |
| NWC days | — | — | — | — | — |
| Leverage | |||||
| Current ratio | 1.05 | 1.04 | 0.86 | 0.85 | 0.82 |
| Debt to EBITDA | 2.55 | 2.85 | 4.76 | 2.96 | 3.91 |
| Debt to equity | 0.94 | 0.84 | 0.81 | 0.74 | 0.72 |
| Interest coverage | 3 | 2.8 | 1.4 | 2.5 | 2 |
| Asset turnover | 0.7 | 0.81 | 0.91 | 0.83 | 0.78 |
| Return ratios | |||||
| Return on assets % | 5% | 4% | 0.9% | 2.9% | 2.1% |
| Return on capital employed % | 17.2% | 14.9% | 7.6% | 13.6% | 11.1% |
| Return on equity % | 14% | 10.5% | 2.3% | 7.4% | 5.3% |
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.