Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 44.5% | 44.6% | 41.8% | 33.8% | 36.7% | 33.9% |
| EBITDA margin % | 1.6% | 2.1% | -0.8% | 2.5% | 8.8% | 12.5% |
| EBIT margin % | -0.2% | 0.5% | -2.5% | 1.4% | 8% | 11.8% |
| PAT margin % | 10.3% | 1.8% | 9.6% | 3.2% | 7.2% | 9.5% |
| Working capital | ||||||
| Receivable days | 58 | 27 | 30 | 43 | 35 | 23 |
| Inventory days | 105 | 83 | 108 | 101 | 74 | 75 |
| Payable days | 91 | 68 | 74 | 71 | 30 | 17 |
| NWC days | 72 | 42 | 64 | 72 | 80 | 81 |
| Leverage | ||||||
| Current ratio | 1.01 | 2.87 | 4.86 | 3.55 | 4.26 | 3.07 |
| Debt to EBITDA | 0 | 0 | — | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 193 | — | 272 | 83 | 354 | 377 |
| Asset turnover | 0.44 | 0.73 | 0.68 | 0.81 | 1 | 1.15 |
| Return ratios | ||||||
| Return on assets % | 4.5% | 1.3% | 6.5% | 2.6% | 7.2% | 11% |
| Return on capital employed % | 7% | 1.7% | 9.5% | 2.9% | 10.8% | 19.3% |
| Return on equity % | 7% | 1.8% | 8% | 3.5% | 8.4% | 13.1% |
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.