Consolidated figures
| Ratio | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 7.1% | 5.6% | 5.9% | 4.5% | 5.3% | 4.8% | 3.8% | 3.3% |
| EBITDA margin % | 1.7% | 1.7% | 1.6% | 1.3% | 1.8% | 1.5% | 1% | 0.9% |
| EBIT margin % | 1.2% | 1.5% | 1.4% | 1.1% | 1.5% | 1.2% | 0.7% | 0.6% |
| PAT margin % | 0.2% | 0.9% | 0.8% | 0.9% | 0.8% | 0.1% | 0.4% | 0.5% |
| Working capital | ||||||||
| Receivable days | 21 | — | 16 | 20 | 16 | 16 | 17 | 19 |
| Inventory days | 30 | — | 44 | 42 | 30 | 27 | 24 | 17 |
| Payable days | 4 | — | 14 | 18 | 8 | 8 | 13 | 13 |
| NWC days | 47 | — | 46 | 44 | 38 | 35 | 27 | 23 |
| Leverage | ||||||||
| Current ratio | 1.03 | — | 1.4 | 1.27 | 1.34 | 1.47 | 1.47 | 1.37 |
| Debt to EBITDA | 11.4 | — | 7.1 | 9.31 | 7.56 | 7.15 | 7.59 | 10.55 |
| Debt to equity | 2.47 | — | 1.02 | 1.21 | 1.29 | 1 | 0.8 | 1.05 |
| Interest coverage | 1.2 | 1.9 | 2.3 | 3 | 2.2 | 1.6 | 1.6 | 1.7 |
| Asset turnover | 3.35 | — | 3.5 | 3.63 | 3.72 | 4.08 | 4.57 | 4.53 |
| Return ratios | ||||||||
| Return on assets % | 0.6% | — | 2.9% | 3.2% | 2.9% | 0.2% | 1.9% | 2% |
| Return on capital employed % | 19.2% | — | 16.7% | 18.6% | 17.7% | 15.4% | 14.9% | 15.7% |
| Return on equity % | 2.2% | — | 7.4% | 8.7% | 7.4% | 0.5% | 4.3% | 5.1% |
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.