Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 37.4% | 47.7% | 34.1% | 45.7% |
| EBITDA margin % | 10.3% | 9.7% | 14.3% | 17.4% |
| EBIT margin % | 7% | 6.5% | 13.1% | 11% |
| PAT margin % | 5.2% | 4.7% | 10% | 9.7% |
| Working capital | ||||
| Receivable days | 204 | 175 | 152 | 226 |
| Inventory days | 101 | 96 | 83 | 71 |
| Payable days | — | — | — | — |
| NWC days | — | — | — | — |
| Leverage | ||||
| Current ratio | 0.13 | 0.3 | 0.39 | — |
| Debt to EBITDA | 0.45 | 1.48 | 0.67 | 2.05 |
| Debt to equity | 0.07 | 0.26 | 0.26 | 0.74 |
| Interest coverage | — | — | — | — |
| Asset turnover | 0.8 | 1.02 | 1.14 | 0.84 |
| Return ratios | ||||
| Return on assets % | 4.1% | 4.8% | 11.5% | 8.1% |
| Return on capital employed % | 9% | 9.4% | 28.1% | 14.2% |
| Return on equity % | 7.9% | 8.6% | 26.9% | 20.1% |
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.