Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.3% | 31.4% | 37.5% | 38.3% | 26.9% | 23.6% | 29.8% | 33.5% |
| EBITDA margin % | 5.1% | 15.2% | 21.6% | 24.4% | 11.3% | 3.6% | 11.4% | 15.2% |
| EBIT margin % | 4.3% | 14.4% | 21% | 23.1% | 6.8% | -1.9% | 6.6% | 10.6% |
| PAT margin % | 3.1% | 13.5% | 20.6% | 20% | 6% | 1% | 7.1% | 11.2% |
| Working capital | ||||||||
| Receivable days | 29 | 12 | 14 | 21 | 13 | 15 | 17 | 12 |
| Inventory days | 30 | 37 | 40 | 75 | 34 | 35 | 39 | 55 |
| Payable days | — | — | — | — | 8 | 9 | 9 | 11 |
| NWC days | — | — | — | — | 40 | 42 | 47 | 56 |
| Leverage | ||||||||
| Current ratio | 4.3 | 5.52 | 0.99 | 2.45 | 2.17 | 2.3 | 3.19 | 2.04 |
| Debt to EBITDA | 0.05 | 0.07 | 0.89 | 1.45 | 2 | 5.9 | 1.25 | 0.74 |
| Debt to equity | 0 | 19 | 0.11 | 0.19 | 0.21 | 0.16 | 0.12 | 0.09 |
| Interest coverage | 13.8 | 156.5 | 201.6 | 39.9 | 4.4 | -0 | 6 | 12.5 |
| Asset turnover | 0.57 | 0.69 | 0.46 | 0.43 | 0.74 | 0.63 | 0.7 | 0.7 |
| Return ratios | ||||||||
| Return on assets % | 1.7% | 9.2% | 9.6% | 8.5% | 4.4% | 0.6% | 5% | 7.9% |
| Return on capital employed % | 2.8% | 10.3% | 14.3% | 14.1% | 5.4% | -0% | 6.8% | 10.7% |
| Return on equity % | 2.1% | 23,300% | 11.9% | 10.7% | 5.5% | 0.7% | 5.9% | 9.1% |
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.