Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 17.7% | 20.7% | 28.3% | 22.3% | 18.8% |
| EBITDA margin % | 3.3% | -4.5% | 5.4% | 4.9% | 3.1% |
| EBIT margin % | 1% | -11.7% | 2.2% | 2.3% | -0.1% |
| PAT margin % | 1.6% | -10.5% | 1.9% | 2.7% | -0.5% |
| Working capital | |||||
| Receivable days | 0 | 14 | 9 | 4 | 44 |
| Inventory days | 21 | 94 | 57 | 43 | 7 |
| Payable days | 3 | 38 | 27 | 38 | 10 |
| NWC days | 19 | 69 | 39 | 9 | 42 |
| Leverage | |||||
| Current ratio | 1.25 | 0.74 | 0.77 | 0.88 | 0.94 |
| Debt to EBITDA | 1.92 | — | 2.39 | 1.85 | 8.96 |
| Debt to equity | 0.43 | 1.49 | 1.17 | 0.86 | 2.1 |
| Interest coverage | 4.7 | -2.8 | 2.4 | 3.9 | 0.5 |
| Asset turnover | 2.94 | 0.95 | 2.18 | 2.64 | 2.14 |
| Return ratios | |||||
| Return on assets % | 4.6% | -10% | 4.2% | 7.1% | -1.1% |
| Return on capital employed % | 11.3% | -16.8% | 16% | 19.1% | 1.9% |
| Return on equity % | 10.9% | -45.8% | 17.7% | 25.5% | -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.