Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 62.3% | 71.2% | 67.2% | |||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 62.3% | 71.2% | 67.2% | |||||
| 60.3% |
| 45.1% |
| 58.8% |
| 64.3% |
| 56.2% |
| EBITDA margin % | -28.7% | 5.8% | 12.3% | -2.1% | -21.3% | -3.6% | -4.6% | -0.7% |
| EBIT margin % | -40.5% | -2.2% | 5% | -8.7% | -29.8% | -10.2% | -10.9% | -5.9% |
| PAT margin % | 8.3% | -35.7% | -23.6% | 163% | -7.3% | -0.3% | -1.6% | -1.1% |
| Working capital | ||||||||
| Receivable days | 71 | 46 | 49 | 45 | 48 | 37 | 47 | 42 |
| Inventory days | 173 | 344 | 311 | 296 | 292 | 282 | 391 | 251 |
| Payable days | — | 463 | 440 | 327 | 256 | 244 | 413 | 247 |
| NWC days | — | -73 | -80 | 14 | 83 | 76 | 25 | 46 |
| Leverage | ||||||||
| Current ratio | 0.27 | 0.87 | 1.06 | 1.23 | 1.71 | 1.57 | 1.49 | 1.47 |
| Debt to EBITDA | — | 19.67 | 9.59 | — | — | — | — | — |
| Debt to equity | 0.33 | 3.1 | -3.21 | 0.04 | 0.02 | 0.02 | 0.03 | 0.03 |
| Interest coverage | -1.7 | 0.1 | 0.2 | -0.3 | -19.2 | -8.7 | -10.3 | -3.4 |
| Asset turnover | 0.33 | 0.39 | 0.53 | 0.38 | 0.36 | 0.45 | 0.43 | 0.51 |
| Return ratios | ||||||||
| Return on assets % | 2.7% | -14% | -12.5% | 61.3% | -2.7% | -0.1% | -0.7% | -0.6% |
| Return on capital employed % | -26.1% | 2.5% | 4.8% | -5.4% | -8.9% | -3.3% | -4.3% | -2.3% |
| Return on equity % | 10.8% | -97.7% | 64.6% | 123% | -4% | -0.2% | -1% | -0.9% |
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.