Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 7.5% | 7.1% | 7.4% | 6.8% | 8.1% | 1.3% |
| EBITDA margin % | 1% | -0.8% | 3.7% | 3.8% | -5% | 0.6% |
| EBIT margin % | 0.9% | -0.9% | 3.7% | 3.8% | -5.1% | 0.6% |
| PAT margin % | 0.8% | 3.2% | 3.4% | 2% | -9% | 0.3% |
| Working capital | ||||||
| Receivable days | 231 | 275 | 256 | 151 | 396 | 39 |
| Inventory days | 26 | 92 | 55 | 28 | 121 | 11 |
| Payable days | 154 | 207 | 211 | 116 | 140 | 23 |
| NWC days | 103 | 160 | 99 | 64 | 377 | 27 |
| Leverage | ||||||
| Current ratio | 0.95 | 1.44 | 1.15 | 1.29 | 1.35 | 1.13 |
| Debt to EBITDA | 3.6 | — | 12.11 | 4.83 | — | 13.96 |
| Debt to equity | 0.11 | 0.8 | 1.95 | 1.11 | 2.18 | 2.34 |
| Interest coverage | 1.3 | 1.8 | 2.7 | 2.7 | -0.9 | 2.9 |
| Asset turnover | 1.17 | 0.81 | 0.79 | 1.43 | 0.45 | 5.25 |
| Return ratios | ||||||
| Return on assets % | 0.9% | 2.6% | 2.7% | 2.8% | -4.1% | 1.8% |
| Return on capital employed % | 18.7% | 16% | 19.6% | 17.3% | -4.4% | 13.1% |
| Return on equity % | 2.5% | 9.5% | 14.7% | 11.9% | -16.9% | 8.9% |
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.