Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 66.9% | 70.1% | 71.5% | 70.4% | 68.8% | 69.2% | 70.1% | 70.6% |
| EBITDA margin % | — | 11.1% | 18.1% | 21.3% | 17.2% | 13.4% | 6% | 7.7% |
| EBIT margin % | — | 4.7% | 12.2% | 16.1% | 12.9% | 8.4% | -0.9% | 0.8% |
| PAT margin % | -0.3% | 2.2% | 7.5% | 10.1% | 8.5% | 5.3% | -4.7% | -5.4% |
| Working capital | ||||||||
| Receivable days | 74 | 69 | — | 70 | 77 | 82 | 77 | 97 |
| Inventory days | 209 | 230 | — | 248 | 228 | 230 | 307 | 273 |
| Payable days | — | — | — | 107 | 86 | 100 | 152 | 208 |
| NWC days | — | — | — | 212 | 219 | 212 | 232 | 162 |
| Leverage | ||||||||
| Current ratio | 1.21 | 1.23 | — | 1.82 | 1.9 | 1.56 | 1.24 | 1.13 |
| Debt to EBITDA | — | 1.65 | — | 0.75 | 1.16 | 2.75 | 10.01 | 7.31 |
| Debt to equity | 0.37 | 0.3 | — | 0.27 | 0.32 | 0.61 | 0.97 | 1.1 |
| Interest coverage | 0.3 | 2.1 | 6.9 | 17.7 | 8.7 | 4.3 | -0.1 | 0.2 |
| Asset turnover | 0.77 | 0.87 | — | 1.04 | 1.01 | 0.85 | 0.69 | 0.71 |
| Return ratios | ||||||||
| Return on assets % | -0.2% | 1.9% | — | 10.4% | 8.6% | 4.5% | -3.2% | -3.8% |
| Return on capital employed % | 0.8% | 6.7% | — | 23.6% | 19% | 11.7% | -0.6% | 1.2% |
| Return on equity % | -0.4% | 3.5% | — | 17.1% | 13.8% | 8.7% | -7.6% | -10.5% |
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.