Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 16.3% | 18.2% | 17.7% | 17.8% | 16.5% |
| EBITDA margin % | 5.4% | 4.1% | 5.1% | 4.5% | 5.3% |
| EBIT margin % | 3% | 2% | 3.7% | 3% | 3.7% |
| PAT margin % | 0.7% | 1.1% | 2.1% | 1.6% | 1% |
| Working capital | |||||
| Receivable days | 53 | 66 | 25 | 64 | 67 |
| Inventory days | 39 | 28 | 61 | 33 | 33 |
| Payable days | 33 | 22 | 38 | 52 | 50 |
| NWC days | 59 | 72 | 48 | 45 | 49 |
| Leverage | |||||
| Current ratio | 1.24 | 1.37 | 1.29 | 1.24 | 1.19 |
| Debt to EBITDA | 3.67 | 5.57 | 5.04 | 5.82 | 4.78 |
| Debt to equity | 0.61 | 0.59 | 0.9 | 0.66 | 0.64 |
| Interest coverage | 1.4 | 1.3 | 2.1 | 1.7 | 1.7 |
| Asset turnover | 1.19 | 1.04 | 1.42 | 1.18 | 1.19 |
| Return ratios | |||||
| Return on assets % | 0.8% | 1.1% | 3% | 1.9% | 1.2% |
| Return on capital employed % | 5.2% | 4.3% | 9% | 9% | 7% |
| Return on equity % | 2.1% | 2.8% | 7.3% | 4.1% | 2.6% |
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.