Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 38.1% | 20.4% | 20.9% | 24.8% | 25.9% |
| EBITDA margin % | 10.5% | 19.2% | 3.7% | 3.6% | 5.5% | 5.4% |
| EBIT margin % | 7.7% | 17.8% | 2.5% | 1.4% | 2.7% | 2.6% |
| PAT margin % | 5.4% | 13.5% | 1.4% | -0.4% | 0.6% | 0.2% |
| Working capital | ||||||
| Receivable days | — | 33 | 25 | 39 | 36 | 45 |
| Inventory days | — | 143 | 121 | 113 | 125 | 115 |
| Payable days | — | 7 | 11 | 12 | 12 | 11 |
| NWC days | — | 169 | 135 | 139 | 148 | 149 |
| Leverage | ||||||
| Current ratio | — | 2.04 | 1.48 | 1.2 | 1.32 | 1.32 |
| Debt to EBITDA | — | 0.89 | 8.36 | 9.63 | 5.76 | 5.86 |
| Debt to equity | — | 0.51 | 0.83 | 1.18 | 1.04 | 1 |
| Interest coverage | 5.9 | 27.6 | 4.4 | 0.9 | 1.3 | 1.5 |
| Asset turnover | — | 1.8 | 1.34 | 1.42 | 1.45 | 1.4 |
| Return ratios | ||||||
| Return on assets % | — | 24.3% | 1.8% | -0.5% | 0.8% | 0.2% |
| Return on capital employed % | — | 49.9% | 7.1% | 5.2% | 8.5% | 6.8% |
| Return on equity % | — | 40% | 3.7% | -1.3% | 1.9% | 0.5% |
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.