Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.7% | 23.7% | 23.5% | 24.7% | 25.2% | 28% |
| EBITDA margin % | 3% | 5.3% | 6.8% | 6% | 6.9% | 7.3% |
| EBIT margin % | 0.4% | 3.5% | 5.5% | 4.7% | 5.5% | 5.8% |
| PAT margin % | -1.2% | 2.7% | 3% | 1.7% | 2.5% | 3.3% |
| Working capital | ||||||
| Receivable days | 88 | 73 | 74 | 80 | 89 | 51 |
| Inventory days | 161 | 138 | 96 | 76 | 52 | 66 |
| Payable days | 54 | 51 | 71 | 25 | 29 | 26 |
| NWC days | 194 | 161 | 99 | 132 | 112 | 90 |
| Leverage | ||||||
| Current ratio | 1.98 | 1.73 | 1.7 | 1.54 | 1.57 | 1.95 |
| Debt to EBITDA | 7.24 | 4.21 | 2.27 | 4.66 | 3.59 | 2.52 |
| Debt to equity | 0.5 | 0.64 | 0.56 | 1.06 | 1.11 | 0.59 |
| Interest coverage | 0.3 | 2.6 | 3.8 | 2.5 | 2.7 | 3.3 |
| Asset turnover | 1.21 | 1.38 | 1.64 | 1.56 | 1.72 | 1.67 |
| Return ratios | ||||||
| Return on assets % | -1.4% | 3.6% | 5% | 2.7% | 4.2% | 5.5% |
| Return on capital employed % | 1.2% | 10% | 18.1% | 14.5% | 19% | 19.2% |
| Return on equity % | -2.7% | 7.6% | 11.2% | 6.5% | 11% | 10.8% |
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.