Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 13.6% | 13.6% | — | 15.4% | 14.2% | 4.4% | 9.5% |
| EBITDA margin % | 5.3% | 5.2% | 0% | 5.5% | 3.7% | -5.3% | 0.8% |
| EBIT margin % | 4.7% | 4.6% | 0% | 5% | 3.2% | -6.1% | 0.2% |
| PAT margin % | 1.6% | 1.7% | 0% | 3.1% | 1.1% | -7% | 0.1% |
| Working capital | |||||||
| Receivable days | — | — | 0 | 50 | 50 | 54 | 41 |
| Inventory days | — | — | 0 | 84 | 135 | 129 | 80 |
| Payable days | — | — | 0 | 11 | 15 | 3 | 6 |
| NWC days | — | — | 0 | 123 | 169 | 179 | 114 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.92 | 1.84 | 1.8 | 2.85 |
| Debt to EBITDA | — | — | — | 2.91 | 6.47 | — | 16.45 |
| Debt to equity | — | — | — | 0.95 | 1.16 | 1.17 | 0.54 |
| Interest coverage | 1.9 | 1.9 | — | 4.6 | 1.7 | -1.7 | 0.2 |
| Asset turnover | — | — | — | 2.27 | 1.74 | 1.49 | 2.23 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 6.9% | 1.8% | -10.4% | 0.1% |
| Return on capital employed % | — | — | — | 20.4% | 11% | -13.6% | 1.3% |
| Return on equity % | — | — | — | 18.3% | 5.1% | -27% | 0.2% |
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.