Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 41% | 36.7% | 23.8% | 47.5% | 32.1% | 33.4% | 29% |
| EBITDA margin % | 7.3% | 6.6% | -12.5% | 10% | 5.4% | 10.6% | 8.3% |
| EBIT margin % | 4% | 4.3% | -14.1% | 8.3% | 3.7% | 8.6% | 6.8% |
| PAT margin % | 0.9% | 1.7% | 2.9% | 2.2% | 0.4% | 1.5% | 0.8% |
| Working capital | |||||||
| Receivable days | — | — | — | 728 | 936 | 940 | 724 |
| Inventory days | — | — | — | 432 | 279 | 336 | 222 |
| Payable days | — | — | — | 391 | 198 | 224 | 158 |
| NWC days | — | — | — | 770 | 1,018 | 1,051 | 787 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.92 | 1.75 | 1.77 | 1.73 |
| Debt to EBITDA | — | — | — | 9.82 | 27.4 | 13.63 | 13.3 |
| Debt to equity | — | — | — | 0.73 | 1.05 | 0.99 | 1.06 |
| Interest coverage | 1.3 | 1.4 | 1.7 | 1.4 | 1.1 | 1.2 | 1.2 |
| Asset turnover | — | — | — | 0.32 | 0.28 | 0.28 | 0.37 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 0.7% | 0.1% | 0.4% | 0.3% |
| Return on capital employed % | — | — | — | 6.3% | 4.8% | 5.8% | 6.7% |
| Return on equity % | — | — | — | 1.7% | 0.3% | 1.1% | 0.8% |
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.