Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 60.5% | 63.1% | 64.2% | 64.2% | 65.1% | 66.7% |
| EBITDA margin % | 2.5% | 6.5% | 5.4% | 9.9% | 10.5% | 11.6% |
| EBIT margin % | -20.3% | -9.2% | -8.4% | -4.7% | -4% | -2.2% |
| PAT margin % | -28.1% | -15.8% | -11.8% | -9.7% | -9.1% | -7.2% |
| Working capital | ||||||
| Receivable days | 3 | 3 | 3 | 4 | 5 | 6 |
| Inventory days | 18 | 15 | 16 | 15 | 18 | 15 |
| Payable days | 226 | 152 | 133 | 119 | 155 | 132 |
| NWC days | -205 | -134 | -114 | -101 | -133 | -111 |
| Leverage | ||||||
| Current ratio | 0.45 | 1.49 | 0.66 | 0.34 | 0.88 | 0.5 |
| Debt to EBITDA | 9.8 | 1.47 | 1.48 | 0.7 | 1.1 | 0.82 |
| Debt to equity | 2.88 | 0.14 | 0.2 | 0.27 | 0.33 | 0.37 |
| Interest coverage | -1.6 | -1.2 | -1.3 | -0.7 | -0.4 | -0.1 |
| Asset turnover | 0.51 | 0.63 | 0.82 | 0.9 | 0.74 | 0.83 |
| Return ratios | ||||||
| Return on assets % | -14.4% | -9.9% | -9.7% | -8.7% | -6.7% | -6% |
| Return on capital employed % | -18.3% | -8.2% | -7.2% | -4.8% | -3% | -0.5% |
| Return on equity % | -332.3% | -22.6% | -29.3% | -37.8% | -25.6% | -28.3% |
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.