Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 65.8% | 61.5% | 65.9% | 66.6% | 58.2% | 60.3% | 63% |
| EBITDA margin % | 21.2% | 14.7% | 26.2% | 24.7% | 3.6% | 8.9% | 9.3% |
| EBIT margin % | 15.3% | 7.6% | 21% | 18.6% | -6.3% | -0.8% | -0.2% |
| PAT margin % | 12.2% | 6.8% | 14.9% | 9.1% | -6.2% | -1.6% | -0.1% |
| Working capital | |||||||
| Receivable days | — | 43 | 29 | 23 | 17 | 24 | 34 |
| Inventory days | — | 88 | 101 | 111 | 93 | 110 | 102 |
| Payable days | — | 111 | 101 | 119 | 86 | 115 | 111 |
| NWC days | — | 21 | 29 | 15 | 25 | 19 | 25 |
| Leverage | |||||||
| Current ratio | — | 1.78 | 1.49 | 1.68 | 1.47 | 1.24 | 1.26 |
| Debt to EBITDA | — | 1.39 | 0.6 | 0.53 | 3.99 | 1.53 | 1.4 |
| Debt to equity | — | 0.09 | 0.1 | 0.1 | 0.09 | 0.1 | 0.11 |
| Interest coverage | 36 | 16.3 | 135.7 | 45.3 | -3.4 | 1.2 | 1.7 |
| Asset turnover | — | 0.34 | 0.47 | 0.54 | 0.47 | 0.51 | 0.58 |
| Return ratios | |||||||
| Return on assets % | — | 2.3% | 7% | 4.9% | -3% | -0.8% | -0% |
| Return on capital employed % | — | 3.8% | 12.1% | 12% | -2% | 0.8% | 1.6% |
| Return on equity % | — | 3.1% | 9.5% | 6.7% | -3.9% | -1.1% | -0% |
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.