Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 44.1% | 40.3% | 42.2% | 43.8% | 45% | 42.7% |
| EBITDA margin % | 20% | 14.3% | 17.8% | 18.7% | 16.5% | 12.4% |
| EBIT margin % | 8.6% | 1.4% | 11% | 11.4% | 7.5% | 3.4% |
| PAT margin % | -8.7% | -7.6% | -1.1% | 0.6% | -0.5% | 1.5% |
| Working capital | ||||||
| Receivable days | 42 | 46 | 32 | 51 | 80 | 0 |
| Inventory days | 457 | 405 | 263 | 281 | 336 | 279 |
| Payable days | 142 | 129 | 87 | 68 | 98 | 87 |
| NWC days | 357 | 322 | 208 | 264 | 317 | 192 |
| Leverage | ||||||
| Current ratio | 0.78 | 0.74 | 0.89 | 1.33 | 1.33 | 1.41 |
| Debt to EBITDA | 4.71 | 6.77 | 3.3 | 2.25 | 4.16 | 4.48 |
| Debt to equity | 1.82 | 2.52 | 2.93 | 0.62 | 0.73 | 0.66 |
| Interest coverage | 0.5 | 0.2 | 1.2 | 1.4 | 1.4 | 1.2 |
| Asset turnover | 0.39 | 0.43 | 0.76 | 0.64 | 0.44 | 0.54 |
| Return ratios | ||||||
| Return on assets % | -3.4% | -3.3% | -0.8% | 0.4% | -0.2% | 0.8% |
| Return on capital employed % | 8.3% | 2.7% | 19.5% | 15% | 9.6% | 6% |
| Return on equity % | -16.8% | -19.9% | -5.4% | 0.9% | -0.5% | 1.8% |
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.