Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 33.6% | 15.3% | 42.8% | 27.7% | 20.9% | 24.2% | 18.4% | 25.8% |
| EBITDA margin % | 7.1% | -5.3% | 1.4% | 5.7% | 5.2% | 7.3% | 2.1% | 5.9% |
| EBIT margin % | 5.6% | -7.1% | -0.9% | 4.5% | 4.3% | 6.1% | 0.9% | 4.5% |
| PAT margin % | 2.8% | -6.7% | -1.5% | 3.4% | 2.1% | 3.4% | 0.1% | 1.8% |
| Working capital | ||||||||
| Receivable days | 15 | 6 | 18 | 18 | 13 | 13 | 12 | 21 |
| Inventory days | 45 | 30 | 89 | 62 | 25 | 38 | 32 | 67 |
| Payable days | 0 | 24 | 50 | 55 | 23 | 33 | 24 | 52 |
| NWC days | 60 | 13 | 56 | 25 | 15 | 18 | 20 | 37 |
| Leverage | ||||||||
| Current ratio | 0.54 | 0.57 | 0.73 | 0.86 | 0.99 | 1.03 | 0.98 | 1.14 |
| Debt to EBITDA | 2.39 | — | 34.21 | 4.28 | 2.57 | 1.62 | 5.61 | 2.3 |
| Debt to equity | 1.05 | 2.66 | 5.61 | 2.92 | 1.69 | 0.94 | 0.99 | 1.01 |
| Interest coverage | 4.2 | -3.4 | -0.7 | 3.3 | 4.3 | 6 | 1.1 | 5.4 |
| Asset turnover | 1.99 | 1.96 | 1.47 | 2.15 | 3.55 | 2.97 | 3.17 | 2.36 |
| Return ratios | ||||||||
| Return on assets % | 5.6% | -13.2% | -2.2% | 7.4% | 7.6% | 10.2% | 0.2% | 4.3% |
| Return on capital employed % | 22.5% | -23.4% | -1.8% | 18.4% | 24.3% | 28.7% | 4.9% | 20.6% |
| Return on equity % | 17.3% | -63.5% | -18% | 41% | 26.9% | 27.1% | 0.4% | 13.6% |
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.