Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 43.6% | 44.1% | 46.3% | 48.2% | 39.6% | 41.8% | 41.1% | 50.6% |
| EBITDA margin % | -8.2% | -9.4% | -1.1% | 12.7% | 5% | 3.6% | 4.1% | 5.8% |
| EBIT margin % | -11.3% | -11.1% | -2.6% | 11.5% | 3.4% | 1.6% | 2.1% | 3.9% |
| PAT margin % | -13.4% | 1% | 17.9% | 24% | 6.5% | 3.3% | 2.5% | 8.8% |
| Working capital | ||||||||
| Receivable days | — | — | 87 | — | 58 | 55 | 82 | 86 |
| Inventory days | — | — | 66 | — | 62 | 58 | 75 | 81 |
| Payable days | — | — | 2 | — | 131 | 133 | 158 | 149 |
| NWC days | — | — | 151 | — | -11 | -19 | -2 | 19 |
| Leverage | ||||||||
| Current ratio | — | — | 0.94 | — | 1.23 | 1.16 | 0.98 | 1.27 |
| Debt to EBITDA | — | — | — | — | 4.68 | 7.13 | 6.01 | 4.39 |
| Debt to equity | — | — | 0.37 | — | 0.31 | 0.33 | 0.35 | 0.33 |
| Interest coverage | -2 | 3.3 | 8.9 | 38 | 7.5 | 3.5 | 3.6 | 5.6 |
| Asset turnover | — | — | 0.78 | — | 0.69 | 0.69 | 0.73 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | — | — | 14% | — | 4.5% | 2.3% | 1.8% | 6.3% |
| Return on capital employed % | — | — | 32.4% | — | 12.2% | 8.8% | 10.4% | 13.8% |
| Return on equity % | — | — | 39.7% | — | 8.5% | 4.1% | 3.5% | 11.2% |
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.