Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 75.3% | 79.2% | 88.6% | 47% | 55.2% | 51.3% | 57.4% |
| EBITDA margin % | 7.7% | 18.8% | 14.5% | 4.7% | 8% | 2.8% | 5.7% |
| EBIT margin % | 2.7% | 15.2% | 11.5% | 3.8% | 7.4% | 2% | 4.7% |
| PAT margin % | 8.1% | 4.6% | 8.5% | 1.6% | 4.2% | 5% | 4.1% |
| Working capital | |||||||
| Receivable days | — | 168 | 100 | 110 | 77 | 146 | 226 |
| Inventory days | — | 4,418 | 6,751 | 469 | 334 | 425 | 662 |
| Payable days | — | 601 | 1,142 | 154 | 74 | 131 | 194 |
| NWC days | — | 3,985 | 5,710 | 425 | 337 | 440 | 695 |
| Leverage | |||||||
| Current ratio | — | 2.05 | 2.1 | 1.3 | 1.39 | 1.46 | 1.5 |
| Debt to EBITDA | — | 2.54 | 2.52 | 3.34 | 0.83 | 3.52 | 3.03 |
| Debt to equity | — | 0.18 | 0.17 | 0.18 | 0.1 | 0.1 | 0.11 |
| Interest coverage | 1.6 | 2 | 1.3 | 2.2 | 3.4 | 2.3 | 2.2 |
| Asset turnover | — | 0.2 | 0.26 | 0.52 | 0.76 | 0.5 | 0.34 |
| Return ratios | |||||||
| Return on assets % | — | 0.9% | 2.2% | 0.8% | 3.2% | 2.5% | 1.4% |
| Return on capital employed % | — | 6.8% | 6.3% | 7.7% | 14.8% | 6% | 4.8% |
| Return on equity % | — | 1.7% | 4% | 1.9% | 6.5% | 4.8% | 2.7% |
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.