Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 43.9% | 51.1% | 55.5% | 62.2% | -12.4% |
| EBITDA margin % | |||||
| 11.1% |
| 14.8% |
| 21.6% |
| 25.6% |
| -106.8% |
| EBIT margin % | 6.5% | 9.5% | 13.8% | 16.4% | -139.7% |
| PAT margin % | 4.7% | 2.2% | 2.2% | 4.6% | -174% |
| Working capital | |||||
| Receivable days | 113 | 167 | 242 | 270 | 977 |
| Inventory days | 497 | 604 | 495 | 789 | 641 |
| Payable days | 219 | 174 | 143 | 282 | 314 |
| NWC days | 392 | 596 | 594 | 776 | 1,304 |
| Leverage | |||||
| Current ratio | 1.23 | 1.57 | 1.68 | 1.39 | 1.8 |
| Debt to EBITDA | 7.22 | 6.21 | 5.37 | 5.55 | — |
| Debt to equity | 0.66 | 0.58 | 0.97 | 0.84 | 0.24 |
| Interest coverage | 2.9 | 1.6 | 1.7 | 1.7 | -2.3 |
| Asset turnover | 0.34 | 0.31 | 0.36 | 0.26 | 0.08 |
| Return ratios | |||||
| Return on assets % | 1.6% | 0.7% | 0.8% | 1.2% | -13.1% |
| Return on capital employed % | 6.5% | 6.1% | 9% | 7.1% | -12.8% |
| Return on equity % | 3.9% | 1.4% | 1.8% | 2.7% | -19% |
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.