Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 44.7% | 57.9% | 32.8% | 33.7% | 30.2% | 28.8% |
| EBITDA margin % | 11.6% | 22.3% | 6.4% | 11.6% | 3.6% | 6.9% |
| EBIT margin % | 10.1% | 20.8% | 5.3% | 10.5% | 2.3% | 6.1% |
| PAT margin % | -15.8% | 4.1% | 10.1% | 8.7% | 9.4% | 8% |
| Working capital | ||||||
| Receivable days | 112 | 91 | 43 | 32 | 42 | 20 |
| Inventory days | 3,098 | 4,532 | 1,789 | 1,604 | 1,608 | 990 |
| Payable days | 222 | 293 | 112 | 100 | 116 | 87 |
| NWC days | 2,989 | 4,330 | 1,719 | 1,535 | 1,534 | 923 |
| Leverage | ||||||
| Current ratio | 1.2 | 1.32 | 1.37 | 1.47 | 1.46 | 1.63 |
| Debt to EBITDA | 14.52 | 5.62 | 14.81 | 6.45 | 22.14 | 6.98 |
| Debt to equity | 0.87 | 0.48 | 0.53 | 0.5 | 0.48 | 0.42 |
| Interest coverage | 0.9 | 1.5 | 1.6 | 1.8 | 1.6 | 1.9 |
| Asset turnover | 0.13 | 0.12 | 0.19 | 0.23 | 0.21 | 0.34 |
| Return ratios | ||||||
| Return on assets % | -2.1% | 0.5% | 1.9% | 2% | 2% | 2.7% |
| Return on capital employed % | 12.4% | 16.5% | 14.1% | 15.7% | 11.8% | 10.9% |
| Return on equity % | -8.1% | 1.6% | 5.7% | 5.9% | 5.7% | 6.9% |
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.