Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 38.7% | 40.2% | 31.4% | 27.4% | 31.4% |
| EBITDA margin % | 4% | 12.6% | 0.8% | -4.5% | -2.2% |
| EBIT margin % | 1.7% | 11.3% | -0.9% | -6.4% | -4.3% |
| PAT margin % | 1.4% | 8.6% | 0.2% | -3.4% | -2.5% |
| Working capital | |||||
| Receivable days | 24 | 20 | 32 | 18 | 29 |
| Inventory days | 236 | 175 | 96 | 148 | 142 |
| Payable days | 10 | 33 | 10 | 6 | 11 |
| NWC days | 249 | 163 | 119 | 160 | 161 |
| Leverage | |||||
| Current ratio | 3.46 | 3.87 | 6.15 | 3.95 | 5.87 |
| Debt to EBITDA | 0.03 | 0.01 | 0.23 | — | — |
| Debt to equity | 0 | 0 | 0 | 0.01 | 0 |
| Interest coverage | 7.6 | 33 | 2.1 | -14.6 | -11.7 |
| Asset turnover | 1.14 | 1.62 | 1.4 | 1.33 | 1.36 |
| Return ratios | |||||
| Return on assets % | 1.6% | 13.9% | 0.2% | -4.5% | -3.4% |
| Return on capital employed % | 4.1% | 25.1% | 0.9% | -6.4% | -4.6% |
| Return on equity % | 2.1% | 17.5% | 0.3% | -5.5% | -3.9% |
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.