Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 15.6% | 7.9% | 5% | 11.2% | 15.1% | 12.4% | 12.5% |
| EBITDA margin % | -12.9% | -54% | -4% | 2.1% | 5.2% | 5.7% | 5.5% |
| EBIT margin % | -16.3% | -56.5% | -5.4% | 1% | 4% | 4.6% | 4.1% |
| PAT margin % | -22.8% | 52.1% | -0.2% | 3.6% | 3.7% | 3.4% | 3.7% |
| Working capital | |||||||
| Receivable days | — | 301 | 198 | 116 | 116 | 116 | 61 |
| Inventory days | — | 15 | 5 | 40 | 95 | 54 | 74 |
| Payable days | — | 122 | 144 | 116 | 198 | 134 | 122 |
| NWC days | — | 193 | 59 | 40 | 12 | 36 | 14 |
| Leverage | |||||||
| Current ratio | — | 2.28 | 1.69 | 1.36 | 1.2 | 1.5 | 1.45 |
| Debt to EBITDA | — | — | — | 2.21 | 2.08 | 1.19 | 3.14 |
| Debt to equity | — | 0.31 | 0.13 | 0.14 | 0.38 | 0.19 | 0.39 |
| Interest coverage | -2 | -0.1 | 2.1 | 11.4 | 10 | 3.4 | 4.3 |
| Asset turnover | — | 0.37 | 0.83 | 1.29 | 1.13 | 1.22 | 0.96 |
| Return ratios | |||||||
| Return on assets % | — | 19.2% | -0.2% | 4.6% | 4.2% | 4.1% | 3.6% |
| Return on capital employed % | — | -0.1% | 3.1% | 16.4% | 16.7% | 15.5% | 10.3% |
| Return on equity % | — | 28.6% | -0.3% | 11% | 13.3% | 9.5% | 8.5% |
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.