Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 35.9% | 37.9% | — | — | — |
| EBITDA margin % | 0.6% | 1.2% | 1.4% | 3% | 3.4% | 4% | 3.5% | 3.1% |
| EBIT margin % | 0.4% | 0.5% | 0.9% | 2.7% | 3.2% | 3.8% | 3.3% | 3% |
| PAT margin % | 0.7% | 0.4% | 1.4% | 3% | 1.8% | 2% | 2.5% | 2.5% |
| Working capital | ||||||||
| Receivable days | — | — | 1 | 3 | 3 | 3 | 3 | 3 |
| Inventory days | — | — | 60 | 117 | 112 | 68 | 14 | 9 |
| Payable days | — | — | 13 | 42 | 22 | 11 | 12 | 12 |
| NWC days | — | — | 48 | 79 | 94 | 59 | 5 | 0 |
| Leverage | ||||||||
| Current ratio | — | — | 6.37 | 4.82 | 4.53 | 6.49 | 1.29 | 1.12 |
| Debt to EBITDA | — | — | 11.69 | 8.93 | 9.47 | 7.16 | 0.73 | 1.03 |
| Debt to equity | — | — | 0.64 | 0.68 | 0.83 | 0.66 | 0.06 | 0.06 |
| Interest coverage | 1.6 | 1.4 | 3.7 | 4.6 | 2.4 | 2.2 | 7.1 | 14.3 |
| Asset turnover | — | — | 2.16 | 1.28 | 1.24 | 1.24 | 1.8 | 1.65 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.9% | 3.9% | 2.3% | 2.5% | 4.5% | 4.1% |
| Return on capital employed % | — | — | 4.7% | 5.9% | 6.1% | 7.4% | 5.8% | 5.9% |
| Return on equity % | — | — | 5.4% | 7.7% | 4.7% | 4.6% | 5.6% | 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.