Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 18.8% | 18.2% | 12.4% | 14.7% | 16.1% | 13.9% |
| EBITDA margin % | 5% | 6.1% | 2.7% | 3% | 3.3% | 1.6% |
| EBIT margin % | 1.4% | 4% | 0.9% | 0.9% | 1.7% | 0.2% |
| PAT margin % | -1.3% | 2% | -0.9% | 0.9% | 0.4% | -0.6% |
| Working capital | ||||||
| Receivable days | 87 | 70 | 65 | 76 | 64 | 59 |
| Inventory days | 52 | 27 | 33 | 44 | 34 | 40 |
| Payable days | 54 | 27 | 26 | 28 | 21 | 30 |
| NWC days | 85 | 70 | 72 | 93 | 78 | 70 |
| Leverage | ||||||
| Current ratio | 1.19 | 1.3 | 1.2 | 1.36 | 1.38 | 1.33 |
| Debt to EBITDA | 5.69 | 1.33 | 2.33 | 7.41 | 4.28 | 7.43 |
| Debt to equity | 1.1 | 0.42 | 0.39 | 1.12 | 0.82 | 0.69 |
| Interest coverage | 0.5 | 2 | 0.5 | 1.3 | 1.3 | 0.4 |
| Asset turnover | 1.32 | 2.02 | 2.22 | 1.92 | 2.51 | 2.54 |
| Return ratios | ||||||
| Return on assets % | -1.8% | 4.1% | -2% | 1.7% | 1% | -1.6% |
| Return on capital employed % | 3.6% | 0.3% | 3.6% | 21.1% | 10.9% | 2.5% |
| Return on equity % | -5.2% | 10.5% | -5.6% | 4.4% | 2.3% | -3.6% |
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.