Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 98.9% | — | — | — | — |
| EBITDA margin % | 20.8% | 8.3% | 3.7% | 16.7% | 11.4% | 16.3% | 15.2% | 11.9% |
| EBIT margin % | 8% | -0.5% | -4.1% | 11.6% | 6.7% | 12.7% | 12.2% | 9.8% |
| PAT margin % | -0.7% | -8.6% | -14.5% | 4.1% | -1.3% | 5.1% | 7.4% | 3.4% |
| Working capital | ||||||||
| Receivable days | — | — | 198 | 227 | 232 | 197 | 179 | 170 |
| Inventory days | — | — | 132 | 9,238 | 154 | 165 | 207 | 208 |
| Payable days | — | — | 72 | 5,640 | 90 | 75 | 81 | 89 |
| NWC days | — | — | 257 | 3,825 | 296 | 287 | 306 | 290 |
| Leverage | ||||||||
| Current ratio | — | — | 1.3 | 1.56 | 1.56 | 1.7 | 1.83 | 2.14 |
| Debt to EBITDA | — | — | 0 | 0 | 3.21 | 1.75 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0.29 | 0.25 | 0 | 0 |
| Interest coverage | 0.8 | 0.1 | -0.1 | 1.5 | 0.9 | 1.8 | 2.5 | 1.9 |
| Asset turnover | — | — | 0.27 | 0.32 | 0.29 | 0.35 | 0.34 | 0.36 |
| Return ratios | ||||||||
| Return on assets % | — | — | -3.9% | 1.3% | -0.4% | 1.8% | 2.5% | 1.2% |
| Return on capital employed % | — | — | -0.7% | 6.5% | 3.4% | 7.6% | 8.1% | 5.8% |
| Return on equity % | — | — | -11% | 3.5% | -1.1% | 4.5% | 6.4% | 2.9% |
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.