Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 88.1% | 81.7% | 98.4% | — | 59% |
| EBITDA margin % | 7% | 5.6% | 16.4% | 19.8% | 17.2% |
| EBIT margin % | 4.5% | 4.5% | 16.1% | 19.5% | 16.8% |
| PAT margin % | 2.8% | 3.3% | 9.4% | 11.4% | 11.6% |
| Working capital | |||||
| Receivable days | 301 | 286 | 161 | 276 | 286 |
| Inventory days | 338 | 237 | 2,531 | 21 | 182 |
| Payable days | — | — | — | — | 603 |
| NWC days | — | — | — | — | -136 |
| Leverage | |||||
| Current ratio | 1.62 | — | — | — | 1.69 |
| Debt to EBITDA | 4.67 | 6.79 | 1.24 | 0.33 | 2.11 |
| Debt to equity | 0.44 | 0.6 | 0.91 | 0.14 | 0.44 |
| Interest coverage | 2.5 | 2.8 | 3.7 | 4.3 | 8.2 |
| Asset turnover | 0.57 | 0.6 | 1.08 | 0.92 | 0.5 |
| Return ratios | |||||
| Return on assets % | 1.6% | 2% | 10.2% | 10.5% | 5.8% |
| Return on capital employed % | 7% | 9% | 83.3% | 51.9% | 23% |
| Return on equity % | 3.8% | 5.2% | 42.6% | 23.9% | 13.9% |
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.