Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 34.9% | 33.4% | 29.2% | 30.4% | 31% | 30.1% | 31% |
| EBITDA margin % | -0.1% | 4% | 11.8% | 14.3% | 14% | 13.2% | 13.1% |
| EBIT margin % | -4.2% | -0.7% | 10% | 12.9% | 12.8% | 12% | 11.5% |
| PAT margin % | -42.4% | -13.3% | 16.4% | 13.8% | 17.7% | 9.8% | 9.7% |
| Working capital | |||||||
| Receivable days | 122 | 72 | 62 | 68 | 70 | 74 | 86 |
| Inventory days | 131 | 79 | 48 | 41 | 49 | 60 | 67 |
| Payable days | 253 | 191 | 107 | 96 | 98 | 99 | 105 |
| NWC days | -0 | -39 | 3 | 13 | 21 | 35 | 48 |
| Leverage | |||||||
| Current ratio | 0.86 | 0.59 | 0.86 | 1.44 | 1.7 | 1.71 | 1.91 |
| Debt to EBITDA | — | 8.24 | 0.54 | 0 | 0 | 0 | 0 |
| Debt to equity | -6.22 | 18.99 | 0.35 | 0 | 0 | 0 | 0 |
| Interest coverage | -0.5 | 0.4 | 8.7 | 59.7 | 448.6 | 191.1 | 137.5 |
| Asset turnover | 0.68 | 0.65 | 1.32 | 1.51 | 1.43 | 1.34 | 0.98 |
| Return ratios | |||||||
| Return on assets % | -28.9% | -8.7% | 21.6% | 20.8% | 25.4% | 13.1% | 9.5% |
| Return on capital employed % | -5.8% | 4.2% | 51.4% | 49.1% | 39.9% | 36.5% | 26.2% |
| Return on equity % | 469% | -776.1% | 91% | 53.8% | 47.3% | 25.3% | 15% |
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.