Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 21.9% | 23.4% | 20.1% | 17.9% | 20.1% | 18.9% | 21.7% |
| EBITDA margin % | 4.6% | 8.3% | 6.6% | 2.4% | 4.4% | 4.6% | 6.3% |
| EBIT margin % | 1.1% | 5% | 4.3% | 0.3% | 2.4% | 2.8% | 4.3% |
| PAT margin % | -4.9% | 0.3% | 1.1% | -2% | 0.5% | -1% | 1.2% |
| Working capital | |||||||
| Receivable days | 18 | 12 | 11 | 11 | 9 | 9 | 11 |
| Inventory days | 160 | 104 | 89 | 84 | 78 | 74 | 96 |
| Payable days | 55 | 34 | 52 | 36 | 34 | 36 | 53 |
| NWC days | 122 | 82 | 48 | 59 | 53 | 47 | 54 |
| Leverage | |||||||
| Current ratio | 1.29 | 1.55 | 1.4 | 1.27 | 1.28 | 1.26 | 1.17 |
| Debt to EBITDA | 11.78 | 5.06 | 5.32 | 12.87 | 6.23 | 1.95 | 1.75 |
| Debt to equity | 1.39 | 1.22 | 1.34 | 1.41 | 1.34 | 0.27 | 0.3 |
| Interest coverage | 0.2 | 1.1 | 1.4 | 0.3 | 1.2 | 1 | 2.6 |
| Asset turnover | 0.88 | 1.14 | 1.34 | 1.55 | 1.75 | 1.89 | 1.65 |
| Return ratios | |||||||
| Return on assets % | -4.4% | 0.3% | 1.5% | -3.1% | 0.9% | -1.8% | 2% |
| Return on capital employed % | 1.6% | 7.6% | 9.1% | 1.8% | 10.2% | 8.1% | 12.3% |
| Return on equity % | -12.8% | 0.8% | 4.2% | -8.9% | 2.5% | -2.9% | 3.3% |
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.