Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 96.3% | — | — | — | 96.4% | 96.1% | 96% | 95.8% |
| EBITDA margin % | 9.2% | 10.7% | 10% | 14.5% | 3% | 7.3% | 2.6% | 7.6% |
| EBIT margin % | 1.7% | -0.4% | -16.4% | 1.1% | -8.9% | -2.9% | -8.8% | -4.3% |
| PAT margin % | 1.6% | -4.9% | -16.9% | 4.7% | -11.5% | -3.4% | -10.4% | -6.8% |
| Working capital | ||||||||
| Receivable days | — | — | 104 | 31 | 20 | 15 | 5 | 16 |
| Inventory days | — | — | 4 | 3 | 80 | 56 | 73 | 56 |
| Payable days | — | — | 158 | 97 | 2,421 | 2,144 | 2,111 | 2,748 |
| NWC days | — | — | -50 | -63 | -2,321 | -2,073 | -2,033 | -2,676 |
| Leverage | ||||||||
| Current ratio | — | — | 0.53 | 0.62 | 0.57 | 0.47 | 0.56 | 0.61 |
| Debt to EBITDA | — | — | 9.25 | 3.33 | 14.17 | 5.12 | 15.12 | 4.51 |
| Debt to equity | — | — | -21.35 | 13.98 | -3.32 | -2.61 | -1.4 | -0.97 |
| Interest coverage | 1.4 | 0.5 | 0.2 | 1.8 | -0.3 | 0.6 | -0.1 | 0.4 |
| Asset turnover | — | — | 0.3 | 0.53 | 0.67 | 0.87 | 0.69 | 0.71 |
| Return ratios | ||||||||
| Return on assets % | — | — | -5% | 2.5% | -7.7% | -3% | -7.1% | -4.9% |
| Return on capital employed % | — | — | 2.8% | 19.6% | -2.7% | 7.1% | -1.2% | 4.4% |
| Return on equity % | — | — | 390.5% | 136.4% | 91% | 24.1% | 37.5% | 19% |
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.