Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 14.2% | 25.9% | 13.9% | 8.4% | 16.1% | ||
Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 14.2% | 25.9% | 13.9% | 8.4% | 16.1% | ||
| 15.4% |
| 19.5% |
| EBITDA margin % | 2% | 5.9% | 2.7% | -1.5% | 5.4% | 3.6% | 6.4% |
| EBIT margin % | 0.8% | 4.6% | 1.7% | -2.5% | 4.2% | 2.2% | 4.9% |
| PAT margin % | 0.9% | 3.9% | 2% | -1.5% | 3.5% | 1.4% | 3.8% |
| Working capital | |||||||
| Receivable days | — | 9 | 6 | 5 | 7 | 9 | 6 |
| Inventory days | — | 52 | 40 | 25 | 32 | 35 | 37 |
| Payable days | — | 30 | 30 | 20 | 26 | 28 | 30 |
| NWC days | — | 31 | 16 | 11 | 14 | 17 | 14 |
| Leverage | |||||||
| Current ratio | — | 0.71 | 0.69 | 0.59 | 0.61 | 0.6 | 0.64 |
| Debt to EBITDA | — | 2.54 | 4.39 | — | 2.52 | 4.01 | 1.66 |
| Debt to equity | — | 1.07 | 1.09 | 2.08 | 1.34 | 1.3 | 0.78 |
| Interest coverage | 3.5 | 15.6 | 8.7 | -4.7 | 8.3 | 3.7 | 7.5 |
| Asset turnover | — | 2.02 | 2.42 | 2.89 | 2.53 | 2.4 | 2.36 |
| Return ratios | |||||||
| Return on assets % | — | 7.9% | 4.7% | -4.3% | 8.8% | 3.5% | 8.9% |
| Return on capital employed % | — | 20.9% | 11.2% | -12.1% | 23.1% | 12.8% | 23.9% |
| Return on equity % | — | 28% | 17.6% | -21.6% | 34.1% | 13.2% | 27.5% |
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.