Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 31.1% | 28% | 26.4% | 27% | 31.7% | 31.9% | 33% |
| EBITDA margin % | 11% | 5.3% | 1.6% | 4.9% | 3.5% | 4.7% | 7% |
| EBIT margin % | 7.8% | 1.3% | -1.8% | 2.8% | 0.3% | 1.1% | 3.8% |
| PAT margin % | 6.7% | -1.3% | -2.1% | 2.6% | -14% | -0.2% | 1% |
| Working capital | |||||||
| Receivable days | 49 | 51 | 40 | 22 | 33 | 42 | 37 |
| Inventory days | 54 | 59 | 56 | 40 | 56 | 62 | 50 |
| Payable days | 9 | 120 | 110 | 82 | 78 | 96 | 92 |
| NWC days | 94 | -11 | -14 | -19 | 10 | 8 | -6 |
| Leverage | |||||||
| Current ratio | 1.78 | 1.56 | 1.07 | 2.28 | 1.72 | 1.69 | 1.86 |
| Debt to EBITDA | 0.05 | 0.04 | 8.55 | 0.03 | 0.54 | 0.39 | 1.36 |
| Debt to equity | 0.01 | 0 | 0.31 | 0 | 0.03 | 0.04 | 0.23 |
| Interest coverage | 33.4 | 4 | -1.7 | 12.3 | 7.8 | 5.3 | 6.9 |
| Asset turnover | 1.53 | 1.16 | 1.04 | 0.99 | 1.07 | 1.14 | 1.19 |
| Return ratios | |||||||
| Return on assets % | 10.2% | -1.5% | -2.1% | 2.6% | -14.9% | -0.2% | 1.2% |
| Return on capital employed % | 20% | 3.3% | -1% | 9.7% | 3.8% | 5% | 9.9% |
| Return on equity % | 15.9% | -2.4% | -4.7% | 4.4% | -25.5% | -0.4% | 2.5% |
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.