Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 59.3% | 64.6% | 68.1% | 63.5% | 56% | 64.2% | 71.6% | 70.3% |
| EBITDA margin % | 20.6% | 12.5% | 1.2% | 1.3% | -12.1% | -10.6% | -4.4% | 15.2% |
| EBIT margin % | 18.3% | 8.6% | -4.4% | -3.1% | -16.5% | -14.4% | -7.2% | 12.8% |
| PAT margin % | 19.9% | 14.6% | 12.7% | 6.1% | -5.3% | 1.4% | 10.6% | 6.6% |
| Working capital | ||||||||
| Receivable days | — | — | 83 | 60 | 61 | 66 | 53 | 62 |
| Inventory days | — | — | 114 | 115 | 74 | 70 | 57 | 53 |
| Payable days | — | — | 202 | 120 | 124 | 163 | 169 | 226 |
| NWC days | — | — | -5 | 55 | 11 | -26 | -59 | -111 |
| Leverage | ||||||||
| Current ratio | — | — | 1.2 | 1.9 | 1.23 | 1.5 | 1.75 | 1.51 |
| Debt to EBITDA | — | — | 12.05 | 13.21 | — | — | — | 0.59 |
| Debt to equity | — | — | 0.05 | 0.07 | 0.04 | 0.04 | 0.01 | 0.04 |
| Interest coverage | 22.4 | 18.7 | 10.8 | 6 | -2.4 | 0.4 | 13.2 | 24.2 |
| Asset turnover | — | — | 0.26 | 0.31 | 0.33 | 0.31 | 0.32 | 0.3 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.3% | 1.9% | -1.7% | 0.4% | 3.4% | 2% |
| Return on capital employed % | — | — | 5.7% | 3.5% | -2.5% | 0.3% | 5.7% | 11.7% |
| Return on equity % | — | — | 4.4% | 2.6% | -2.6% | 0.7% | 5.1% | 3.1% |
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.