Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 29.9% | 25.7% | 29.7% | 37.1% | 34.8% | 37.6% |
| EBITDA margin % | 4.4% | 0.3% | 5.9% | 11.4% | 9.7% | 8.4% |
| EBIT margin % | 0.8% | -2.5% | 3.3% | 9.3% | 7.3% | 5.8% |
| PAT margin % | 0.3% | -1.9% | 4.6% | 8.1% | 6.7% | 5.4% |
| Working capital | ||||||
| Receivable days | 97 | 78 | 45 | 34 | 46 | 52 |
| Inventory days | 70 | 68 | 56 | 64 | 65 | 65 |
| Payable days | 58 | 39 | 34 | 44 | 42 | 40 |
| NWC days | 109 | 106 | 67 | 54 | 69 | 77 |
| Leverage | ||||||
| Current ratio | 2.36 | 1.68 | 2.96 | 3.38 | 5.43 | 3.56 |
| Debt to EBITDA | 2.42 | 42.44 | 0.19 | 0.02 | 0 | 0.06 |
| Debt to equity | 0.25 | 0.46 | 0.03 | 0.01 | 0 | 0.01 |
| Interest coverage | 1.3 | -1.4 | 7.9 | 36.7 | 29.7 | 28.1 |
| Asset turnover | 1.47 | 1.73 | 2.19 | 2.08 | 1.45 | 1.54 |
| Return ratios | ||||||
| Return on assets % | 0.4% | -3.2% | 10.1% | 16.8% | 9.7% | 8.4% |
| Return on capital employed % | 3.8% | -4.3% | 20.8% | 31.6% | 19.7% | 16.7% |
| Return on equity % | 0.6% | -5.9% | 13.4% | 21.9% | 11.4% | 10% |
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.