Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 43.7% | 50.1% | 46.3% | 40.5% | 42% |
| EBITDA margin % | 9.5% | 18.7% | 15.3% | 10.5% | 8.2% |
| EBIT margin % | -2% | 11.3% | 8.8% | 2.6% | -0.2% |
| PAT margin % | 24.6% | 24.2% | 9.5% | 5.2% | 1.9% |
| Working capital | |||||
| Receivable days | 68 | 55 | 67 | 71 | 74 |
| Inventory days | 204 | 264 | 287 | 232 | 213 |
| Payable days | 23 | 19 | 12 | 17 | 21 |
| NWC days | 249 | 300 | 342 | 286 | 267 |
| Leverage | |||||
| Current ratio | 0.68 | 0.8 | 0.84 | 0.82 | 0.8 |
| Debt to EBITDA | 15.76 | 5.77 | 8.39 | 12.03 | 15.12 |
| Debt to equity | 0.33 | 0.35 | 0.49 | 0.47 | 0.48 |
| Interest coverage | -0 | 2.2 | 1.5 | 0.4 | 0.2 |
| Asset turnover | 0.16 | 0.23 | 0.25 | 0.24 | 0.25 |
| Return ratios | |||||
| Return on assets % | 3.9% | 5.6% | 2.4% | 1.3% | 0.5% |
| Return on capital employed % | -0.1% | 4% | 3.2% | 1.2% | 0.5% |
| Return on equity % | 5.4% | 7.8% | 3.7% | 1.9% | 0.7% |
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.