Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 33.2% | 34.7% | 31.6% | 31.6% | 29.7% | 31.8% | 31.7% |
| EBITDA margin % | 5.1% | 4.2% | 6.6% | 5.2% | 6.6% | 5.6% | 6.4% | 3.1% |
| EBIT margin % | 4.4% | 2.7% | 5% | 3.8% | 5.1% | 3.2% | 3.4% | -0.1% |
| PAT margin % | 2.3% | -0.2% | 4.1% | 2.6% | 4% | 2.8% | 2.8% | -2% |
| Working capital | ||||||||
| Receivable days | 172 | 186 | 120 | 86 | 100 | 91 | 97 | 93 |
| Inventory days | 48 | 77 | 120 | 111 | 105 | 85 | 79 | 64 |
| Payable days | 64 | 100 | 117 | 137 | 154 | 63 | 50 | 56 |
| NWC days | 156 | 163 | 124 | 60 | 51 | 114 | 127 | 101 |
| Leverage | ||||||||
| Current ratio | 1.05 | 1.11 | 1.17 | 1.2 | 1.3 | 1.21 | 1.29 | 1.11 |
| Debt to EBITDA | 4.66 | 3.56 | 1.55 | 0.18 | 0 | 0 | 0 | 0 |
| Debt to equity | 1.5 | 0.55 | 0.3 | 0.03 | 0 | 0 | 0 | 0 |
| Interest coverage | 3.1 | 1.1 | 3.9 | 3.6 | 7.3 | 3.7 | 3.1 | 1 |
| Asset turnover | 1.29 | 1.09 | 1.07 | 1.21 | 1.16 | 1.21 | 1.14 | 1.05 |
| Return ratios | ||||||||
| Return on assets % | 3% | -0.2% | 4.4% | 3.1% | 4.6% | 3.4% | 3.2% | -2.1% |
| Return on capital employed % | 30.2% | 12.2% | 17.8% | 14% | 18.1% | 12.7% | 12% | 3.1% |
| Return on equity % | 14.5% | -0.8% | 12% | 7.2% | 11.3% | 9.1% | 7.7% | -5.7% |
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.