Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 52.9% | 55.7% | 54.4% | 49.4% | 49.8% | 45.3% |
| EBITDA margin % | 13.8% | 18.8% | 20.3% | 12.8% | 10.4% | -0.8% |
| EBIT margin % | 8.3% | 15.1% | 16.1% | 7.2% | 5% | -10% |
| PAT margin % | 8.7% | 10.3% | 10.7% | 3.6% | 0.4% | -13.2% |
| Working capital | ||||||
| Receivable days | 123 | 71 | 110 | 128 | 134 | 139 |
| Inventory days | 64 | 28 | 41 | 88 | 109 | 94 |
| Payable days | 157 | 108 | 127 | 141 | 166 | 197 |
| NWC days | 30 | -9 | 24 | 75 | 78 | 36 |
| Leverage | ||||||
| Current ratio | 1.49 | 1.63 | 1.52 | 1.62 | 1.3 | 1.03 |
| Debt to EBITDA | 0.88 | 1.99 | 2.76 | 5.47 | 5.92 | — |
| Debt to equity | 0.16 | 0.61 | 0.78 | 0.53 | 0.45 | 0.52 |
| Interest coverage | 19.9 | 10.9 | 8.3 | 2.6 | 1.4 | -1.6 |
| Asset turnover | 0.82 | 0.82 | 0.6 | 0.41 | 0.4 | 0.44 |
| Return ratios | ||||||
| Return on assets % | 7.1% | 8.5% | 6.4% | 1.5% | 0.1% | -5.8% |
| Return on capital employed % | 11.5% | 23.5% | 16.7% | 5.1% | 2.9% | -5.6% |
| Return on equity % | 11.1% | 16.8% | 15% | 2.7% | 0.3% | -11.1% |
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.