Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | ||
| — |
| — |
| EBITDA margin % | 15.5% | 13.4% | 15.7% | 18.7% | 19% | 20.8% | 20.6% |
| EBIT margin % | 5.1% | -1.9% | 2.2% | 7.2% | 6.6% | 7.7% | 6.9% |
| PAT margin % | -5.7% | -0.8% | 3.4% | 4.5% | 4.3% | 4.5% | 2.2% |
| Working capital | |||||||
| Receivable days | — | 204 | 175 | 148 | 149 | 150 | 150 |
| Inventory days | — | 135 | 116 | 102 | 99 | 115 | 128 |
| Payable days | — | 75 | 75 | 71 | 65 | 59 | 51 |
| NWC days | — | 264 | 216 | 179 | 183 | 206 | 227 |
| Leverage | |||||||
| Current ratio | — | 1.74 | 1.48 | 1.77 | 1.2 | 1.59 | 1.52 |
| Debt to EBITDA | — | 9.07 | 8.15 | 5.56 | 5.33 | 1.71 | 2 |
| Debt to equity | — | 24.78 | 10.27 | 6.73 | 5.23 | 1.27 | 1.59 |
| Interest coverage | 2.3 | 1 | 2.1 | 2.4 | 2.2 | 2.3 | 1.8 |
| Asset turnover | — | 0.2 | 0.23 | 0.27 | 0.27 | 0.26 | 0.26 |
| Return ratios | |||||||
| Return on assets % | — | -0.2% | 0.8% | 1.2% | 1.2% | 1.2% | 0.6% |
| Return on capital employed % | — | 1.2% | 3% | 3.9% | 3.9% | 4.3% | 3.8% |
| Return on equity % | — | -16.5% | 27.1% | 29.2% | 22.1% | 16.1% | 8.6% |
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.