Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 83.9% | 85.2% | 83.1% | 81.8% | 80.1% | 81.2% |
| EBITDA margin % | 19.5% | 16.1% | 11.4% | 15.1% | 13.3% | 16.4% |
| EBIT margin % | 8.9% | 6.2% | 2.4% | 6.6% | 4.9% | 8.6% |
| PAT margin % | -0.4% | 0.3% | 0.2% | 1.4% | 0.2% | 3.2% |
| Working capital | ||||||
| Receivable days | 22 | 22 | 21 | 20 | 23 | 24 |
| Inventory days | 215 | 283 | 215 | 177 | 135 | 128 |
| Payable days | 263 | 316 | 348 | 315 | 281 | 282 |
| NWC days | -26 | -11 | -113 | -118 | -123 | -130 |
| Leverage | ||||||
| Current ratio | 0.51 | 0.58 | 0.48 | 0.45 | 0.43 | 0.45 |
| Debt to EBITDA | 5.23 | 3.61 | 3.82 | 2.55 | 2.79 | 2.45 |
| Debt to equity | 1.04 | 0.61 | 0.52 | 0.46 | 0.42 | 0.44 |
| Interest coverage | 1.1 | 1.1 | 0.5 | 1.4 | 1.1 | 2.5 |
| Asset turnover | 0.38 | 0.48 | 0.56 | 0.57 | 0.57 | 0.56 |
| Return ratios | ||||||
| Return on assets % | -0.1% | 0.2% | 0.1% | 0.8% | 0.1% | 1.8% |
| Return on capital employed % | 4.7% | 4.1% | 1.9% | 5.4% | 4% | 7.1% |
| Return on equity % | -0.4% | 0.4% | 0.2% | 1.6% | 0.2% | 3.5% |
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.