Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 11.9% | 8.5% | 5.8% | 6.2% | 7.9% | ||
| 7.3% |
| 8.7% |
| EBITDA margin % | 2.7% | 2.3% | 1.9% | 1.9% | 2.2% | 2.3% | 4.5% |
| EBIT margin % | 1.7% | 1.6% | 1.6% | 1.6% | 1.8% | 1.8% | 4.2% |
| PAT margin % | 0.2% | 0.4% | 0.7% | 0.6% | 3.2% | 0.9% | 2.1% |
| Working capital | |||||||
| Receivable days | — | 41 | 23 | 24 | 25 | 33 | 31 |
| Inventory days | — | 43 | 26 | 31 | 23 | 38 | 39 |
| Payable days | — | 8 | 6 | 8 | 6 | 4 | 5 |
| NWC days | — | 76 | 42 | 46 | 42 | 67 | 65 |
| Leverage | |||||||
| Current ratio | — | 1.55 | 1.64 | 1.57 | 3.18 | 1.98 | 1.67 |
| Debt to EBITDA | — | 8.44 | 5.94 | 6.34 | 3.16 | 7.43 | 2.44 |
| Debt to equity | — | 1.22 | 1.3 | 1.49 | 0.52 | 1.33 | 1.01 |
| Interest coverage | 1.1 | 1.6 | 2.1 | 2 | 5.2 | 2.1 | 2.9 |
| Asset turnover | — | 2.61 | 4.48 | 4.35 | 4.29 | 3.12 | 3.75 |
| Return ratios | |||||||
| Return on assets % | — | 1.2% | 3.2% | 2.4% | 13.7% | 2.7% | 7.9% |
| Return on capital employed % | — | 8.5% | 14.7% | 15.2% | 30.1% | 12.8% | 34.1% |
| Return on equity % | — | 2.8% | 8.1% | 6.9% | 23.6% | 6.8% | 19.5% |
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.