Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 39.8% | — | — | — | — | — |
| EBITDA margin % | — | 17.6% | 13.9% | 25.3% | 34.2% | 32.3% | 28.7% | 35% |
| EBIT margin % | — | 5.7% | 5.8% | 14.9% | 21.9% | 22% | 17.9% | 19.9% |
| PAT margin % | 32.9% | -273.2% | -1.5% | 15.4% | 18.9% | 8.3% | 26.1% | 21.1% |
| Working capital | ||||||||
| Receivable days | 176 | 427 | 152 | 134 | 110 | 112 | 90 | 82 |
| Inventory days | 20 | 67 | 62 | 47 | 38 | 34 | 41 | 36 |
| Payable days | 64 | 149 | 87 | 42 | 53 | 38 | 30 | 25 |
| NWC days | 133 | 346 | 126 | 140 | 95 | 107 | 101 | 93 |
| Leverage | ||||||||
| Current ratio | 1.45 | 1.33 | 1.15 | 1.33 | 1.47 | 1.65 | 0.99 | 1.58 |
| Debt to EBITDA | — | 9.6 | 5.95 | 2.08 | 1.18 | 1.48 | 0.69 | 0.27 |
| Debt to equity | 0.09 | 0.29 | 0.29 | 0.18 | 0.16 | 0.22 | 0.1 | 0.05 |
| Interest coverage | 3.6 | 3.7 | 2.2 | 12.1 | 19.9 | 12.8 | 12.6 | 29 |
| Asset turnover | 0.08 | 0.12 | 0.22 | 0.23 | 0.27 | 0.3 | 0.29 | 0.39 |
| Return ratios | ||||||||
| Return on assets % | 2.6% | -32.1% | -0.3% | 3.6% | 5% | 2.5% | 7.6% | 8.2% |
| Return on capital employed % | 2.2% | 2.3% | 2.1% | 6.5% | 10.4% | 10.2% | 11.6% | 12.4% |
| Return on equity % | 3.7% | -46.3% | -0.5% | 5.4% | 7.4% | 3.8% | 13.6% | 11.6% |
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.