Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 79.9% | 82.3% | 82.7% | 85% | 84.3% |
| EBITDA margin % | 14.9% | 29% | 28.8% | 33.3% | 25.8% |
| EBIT margin % | -21.1% | 14.2% | 20% | 23% | 14.7% |
| PAT margin % | -68.2% | 20.3% | 30.5% | 12.8% | 1.5% |
| Working capital | |||||
| Receivable days | 18 | 16 | 34 | 23 | 27 |
| Inventory days | 387 | 125 | 162 | 56 | 109 |
| Payable days | 278 | 116 | 238 | 116 | 105 |
| NWC days | 127 | 25 | -42 | -37 | 31 |
| Leverage | |||||
| Current ratio | 0.73 | 1.49 | 1.37 | 1.95 | 0.85 |
| Debt to EBITDA | 5.41 | 1.03 | 0.65 | 0.01 | 0.89 |
| Debt to equity | 0.58 | 0.23 | 0.09 | 0 | 0.2 |
| Interest coverage | -0.3 | 1.6 | 3.3 | 4.1 | 2.3 |
| Asset turnover | 0.24 | 0.43 | 0.31 | 0.49 | 0.42 |
| Return ratios | |||||
| Return on assets % | -16.3% | 8.7% | 9.5% | 6.3% | 0.6% |
| Return on capital employed % | -2.4% | 10.6% | 7.9% | 11.4% | 9.6% |
| Return on equity % | -49% | 15.4% | 14.1% | 9% | 1.3% |
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.