Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 29.8% | 31.8% | 42.2% | |||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 29.8% | 31.8% | 42.2% | |||||
| 44.8% |
| 33.7% |
| 43.1% |
| 45.5% |
| 45.8% |
| EBITDA margin % | 20.7% | 21.5% | 33.1% | 35.4% | 25.9% | 36.1% | 37.9% | 36.5% |
| EBIT margin % | 9.2% | 10.1% | 20.8% | 24.2% | 17.4% | 28.3% | 30.2% | 28.1% |
| PAT margin % | -4.1% | -8.6% | 4.8% | 17.7% | 27.7% | 41.4% | 22.7% | 23.9% |
| Working capital | ||||||||
| Receivable days | 131 | 115 | 165 | 126 | 109 | 85 | 85 | 79 |
| Inventory days | 27 | 51 | 49 | 54 | 44 | 53 | 40 | 45 |
| Payable days | 0 | 1 | 92 | 84 | 44 | 46 | 35 | 35 |
| NWC days | 157 | 166 | 122 | 96 | 108 | 91 | 89 | 89 |
| Leverage | ||||||||
| Current ratio | 0.73 | 0.8 | 0.9 | 0.95 | 1.1 | 1.62 | 1.6 | 1.41 |
| Debt to EBITDA | 8.78 | 9.21 | 6.05 | 4.97 | 4.21 | 1.9 | 1.8 | 2.7 |
| Debt to equity | -151.14 | -24.53 | 4 | 2.61 | 1.41 | 0.8 | 0.68 | 0.82 |
| Interest coverage | 0.8 | 0.8 | 1.4 | 2.6 | 3.3 | 7.1 | 5.9 | 5.6 |
| Asset turnover | 0.35 | 0.35 | 0.33 | 0.34 | 0.45 | 0.55 | 0.5 | 0.38 |
| Return ratios | ||||||||
| Return on assets % | -1.4% | -3% | 1.6% | 6% | 12.5% | 22.6% | 11.3% | 9.1% |
| Return on capital employed % | 9.8% | 7.6% | 12.7% | 17.1% | 16.6% | 33.4% | 22.8% | 17.3% |
| Return on equity % | 342.2% | 106.6% | 9.7% | 26.3% | 35.9% | 48.3% | 22.6% | 20% |
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.