Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 22.2% | 20.7% | 28.9% | 29.2% | 27% | 29.4% | 30.1% |
| EBITDA margin % | 1.4% | 0.1% | 4.4% | 1.4% | 5.6% | 3.8% | 0.3% |
| EBIT margin % | -0.7% | -1.9% | 2.8% | -0.4% | 3.9% | 1.9% | -2% |
| PAT margin % | -1.6% | 7.1% | 1.1% | 19.8% | 19.1% | 4.6% | 4.3% |
| Working capital | |||||||
| Receivable days | — | 51 | 33 | 28 | 31 | 57 | 81 |
| Inventory days | — | 366 | 346 | 411 | 296 | 222 | 313 |
| Payable days | — | 21 | 34 | 25 | 24 | 20 | 24 |
| NWC days | — | 397 | 346 | 413 | 302 | 259 | 370 |
| Leverage | |||||||
| Current ratio | — | 1.87 | 2.01 | 1.96 | 2.15 | 3.07 | 2.74 |
| Debt to EBITDA | — | 1,689.75 | 13.54 | 44.48 | 7.6 | 8.39 | 146.79 |
| Debt to equity | — | 0.86 | 0.6 | 0.5 | 0.33 | 0.22 | 0.28 |
| Interest coverage | 0.5 | 1.7 | 1.3 | 4.7 | 7.3 | 3.5 | 3 |
| Asset turnover | — | 0.51 | 0.55 | 0.46 | 0.52 | 0.5 | 0.39 |
| Return ratios | |||||||
| Return on assets % | — | 3.6% | 0.6% | 9.1% | 9.9% | 2.3% | 1.7% |
| Return on capital employed % | — | 10% | 6.1% | 16% | 17.7% | 6.4% | 4.5% |
| Return on equity % | — | 7.4% | 1.1% | 15.4% | 15.1% | 3.2% | 2.4% |
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.