Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 21.7% | 17.3% | 12.5% | 29.7% | 56.3% |
| EBITDA margin % | 4.7% | 5.4% | 4.4% | 12.3% | 13.1% |
| EBIT margin % | 3.3% | 4.3% | 3.8% | 12% | 12.5% |
| PAT margin % | 1.8% | 2.3% | 3.3% | 7.3% | 9% |
| Working capital | |||||
| Receivable days | — | 34 | 26 | 59 | 78 |
| Inventory days | — | 61 | 44 | 78 | 141 |
| Payable days | — | 24 | 36 | 42 | 104 |
| NWC days | — | 71 | 33 | 95 | 115 |
| Leverage | |||||
| Current ratio | — | 1.43 | 1.4 | 1.02 | 1.91 |
| Debt to EBITDA | — | 3.06 | 2.6 | 2.82 | 2.64 |
| Debt to equity | — | 1.03 | 0.75 | 1.22 | 0.83 |
| Interest coverage | 2.2 | 3.3 | 4.6 | 5.5 | 6 |
| Asset turnover | — | 2.27 | 2.65 | 1.29 | 0.83 |
| Return ratios | |||||
| Return on assets % | — | 5.3% | 8.7% | 9.4% | 7.5% |
| Return on capital employed % | — | 20.1% | 36% | 55.8% | 30.3% |
| Return on equity % | — | 14.5% | 21.5% | 25.6% | 21.7% |
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.