Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 71.6% | — | — | — | — |
| EBITDA margin % | 17.9% | -19.2% | -52.4% | -46.5% | -69% | 11.4% | -2.3% | 18.5% |
| EBIT margin % | 3.7% | -23.4% | -55.8% | -55.6% | -82.5% | -2.1% | -16.5% | 4.7% |
| PAT margin % | -4.8% | 1.5% | -67.1% | 2.6% | -76.1% | 3.5% | -9.8% | 5.1% |
| Working capital | ||||||||
| Receivable days | 104 | — | — | — | — | — | — | — |
| Inventory days | 97 | — | — | — | — | — | — | — |
| Payable days | 77 | — | — | — | — | — | — | — |
| NWC days | 124 | — | — | — | — | — | — | — |
| Leverage | ||||||||
| Current ratio | — | — | — | — | 2.09 | 2.28 | 2.78 | 3.01 |
| Debt to EBITDA | 3.03 | — | — | — | — | 2.08 | — | 0.59 |
| Debt to equity | 0.69 | — | — | — | 0.11 | 0.12 | 0.07 | 0.05 |
| Interest coverage | 0.5 | -7.3 | -32.2 | 1.3 | -13.1 | 1.9 | -1.4 | 2.3 |
| Asset turnover | 0.43 | — | — | — | 0.2 | 0.31 | 0.33 | 0.33 |
| Return ratios | ||||||||
| Return on assets % | -2.1% | — | — | — | -15.2% | 1.1% | -3.3% | 1.7% |
| Return on capital employed % | — | — | — | — | -25.2% | 3.6% | -2.5% | 4.1% |
| Return on equity % | -6.1% | — | — | — | -26.7% | 1.8% | -4.8% | 2.5% |
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.