Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 40.3% | 39.1% | 36.7% | 36.3% | 36.7% | 38.8% | 38.1% |
| EBITDA margin % | 0.7% | 4.1% | 7.8% | 9.5% | 9.3% | 4.6% | 5.3% |
| EBIT margin % | -2.8% | 0.9% | 5.9% | 7.9% | 7.2% | 0.9% | 1.5% |
| PAT margin % | 1.8% | 2.6% | 5.7% | 8.1% | 8% | 3.4% | 4.1% |
| Working capital | |||||||
| Receivable days | — | 38 | 37 | 18 | 10 | 21 | 32 |
| Inventory days | — | 120 | 94 | 85 | 76 | 113 | 106 |
| Payable days | — | 150 | 100 | 81 | 65 | 103 | 114 |
| NWC days | — | 7 | 31 | 22 | 21 | 31 | 23 |
| Leverage | |||||||
| Current ratio | — | 2.01 | 1.53 | 1.65 | 2.15 | 2.62 | 2.3 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 81.8 | 1,169.2 | 2,839.8 | — | — | — | — |
| Asset turnover | — | 0.63 | 0.87 | 1.15 | 1.16 | 0.75 | 0.75 |
| Return ratios | |||||||
| Return on assets % | — | 1.6% | 5% | 9.4% | 9.3% | 2.6% | 3.1% |
| Return on capital employed % | — | 4.8% | 11.7% | 20.1% | 16.9% | 5.1% | 6.4% |
| Return on equity % | — | 2.5% | 9.1% | 16.4% | 13.8% | 3.7% | 4.6% |
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.