Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 61.7% | 23.4% | 38.4% | 29.9% | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 61.7% | 23.4% | 38.4% | 29.9% | ||||
| 18.8% |
| 25.8% |
| 23% |
| 27.5% |
| EBITDA margin % | 4.4% | 2.5% | 7% | 4.4% | 2% | 8.7% | 5.1% | 7.9% |
| EBIT margin % | 3.4% | 1.3% | 5.6% | 3.2% | 0.8% | 7.4% | 3.6% | 6.4% |
| PAT margin % | 2.5% | 1.1% | 5.7% | 2.7% | 0.4% | 5.3% | 2.7% | 4.9% |
| Working capital | ||||||||
| Receivable days | 7 | 6 | 9 | 8 | 5 | 6 | 7 | 3 |
| Inventory days | 64 | 32 | 52 | 51 | 32 | 42 | 43 | 51 |
| Payable days | 0 | 0 | 32 | 37 | 20 | 27 | 29 | 41 |
| NWC days | 71 | 38 | 30 | 22 | 16 | 20 | 21 | 14 |
| Leverage | ||||||||
| Current ratio | 0.92 | 0.72 | 0.9 | 0.75 | 0.75 | 0.81 | 0.8 | 0.79 |
| Debt to EBITDA | 2.84 | 7.38 | 2.56 | 3.37 | 5.55 | 1.03 | 2.01 | 1.06 |
| Debt to equity | 1.11 | 1.69 | 1.02 | 1.24 | 1.13 | 0.6 | 0.63 | 0.43 |
| Interest coverage | 7.8 | 2.4 | 11.1 | 6.1 | 1.6 | 9.5 | 5.8 | 12.4 |
| Asset turnover | 2.49 | 2.19 | 1.89 | 2.31 | 2.84 | 2.5 | 2.29 | 2.1 |
| Return ratios | ||||||||
| Return on assets % | 6.2% | 2.4% | 10.8% | 6.2% | 1.1% | 13.3% | 6.1% | 10.4% |
| Return on capital employed % | 17.3% | 7.1% | 19.8% | 15.4% | 5.5% | 33.7% | 16.7% | 27.1% |
| Return on equity % | 22% | 10% | 32.3% | 22.5% | 4% | 35.5% | 16.4% | 25.8% |
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.