Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 80.7% | 83.7% | 80% | 80.7% | 36% | 36.4% |
| EBITDA margin % | -5.5% | 19.1% | 27.2% | 1.7% | 12.3% | 12.2% |
| EBIT margin % | -13.1% | 15.2% | 23.8% | -8.2% | 3.1% | 2.8% |
| PAT margin % | 3.6% | 13% | 19.4% | -6.4% | 0.6% | 2.7% |
| Working capital | ||||||
| Receivable days | 26 | 26 | 27 | 32 | 28 | 21 |
| Inventory days | 52 | 84 | 47 | 106 | 35 | 34 |
| Payable days | 231 | 216 | 179 | 147 | 65 | 34 |
| NWC days | -152 | -106 | -106 | -8 | -3 | 21 |
| Leverage | ||||||
| Current ratio | 0.31 | 0.76 | 0.83 | 0.52 | 0.61 | 0.56 |
| Debt to EBITDA | — | 0.7 | 0.75 | 25.6 | 2.47 | 1.91 |
| Debt to equity | 0.01 | 0.22 | 0.35 | 0.46 | 0.43 | 0.32 |
| Interest coverage | 4.8 | 9.6 | 24.1 | -0.7 | 1.7 | 1.9 |
| Asset turnover | 0.92 | 0.95 | 0.97 | 0.56 | 0.75 | 0.81 |
| Return ratios | ||||||
| Return on assets % | 3.4% | 12.4% | 18.8% | -3.5% | 0.5% | 2.2% |
| Return on capital employed % | 22% | 36.4% | 42.8% | -2.5% | 7.5% | 7.1% |
| Return on equity % | 8.5% | 21.4% | 33.3% | -6.5% | 0.9% | 3.8% |
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.