Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 62.8% | 65.4% | 82.5% | 73.5% | 71.1% | 75.5% |
| EBITDA margin % | 14.1% | 13.6% | 16% | 3.9% | 3.9% | 28.4% |
| EBIT margin % | 8.3% | 7.6% | 10% | -5.7% | -5.3% | 22.2% |
| PAT margin % | 7.7% | 7.9% | 7.9% | -3.7% | -5.9% | 8.2% |
| Working capital | ||||||
| Receivable days | 71 | 55 | 38 | 33 | 32 | 28 |
| Inventory days | 137 | 265 | 617 | 247 | 203 | 115 |
| Payable days | — | — | 208 | 84 | 61 | 48 |
| NWC days | — | — | 446 | 196 | 174 | 96 |
| Leverage | ||||||
| Current ratio | 7.53 | 8.82 | 1.73 | 1.86 | 1.86 | 4.76 |
| Debt to EBITDA | 0.46 | 1.03 | 2.91 | 10.64 | 4.35 | 0.37 |
| Debt to equity | 0.05 | 0.13 | 0.45 | 0.65 | 0.25 | 0.11 |
| Interest coverage | 12.2 | 15.8 | 14 | -1.9 | -1.3 | 26.1 |
| Asset turnover | 0.59 | 0.63 | 0.55 | 0.81 | 1.02 | 0.85 |
| Return ratios | ||||||
| Return on assets % | 4.6% | 5% | 4.3% | -3% | -6% | 7% |
| Return on capital employed % | 8.2% | 8.9% | 8.9% | -4.3% | -3.3% | 26.2% |
| Return on equity % | 6% | 7.1% | 7.7% | -5.8% | -8.7% | 8.4% |
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.