Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 21.2% | 19.4% | 12.7% | 11.5% | 14.8% | ||
| 16.6% |
| 16.9% |
| EBITDA margin % | 9% | 10.2% | 4.5% | 5% | 6.4% | 9.2% | 11.1% |
| EBIT margin % | 7.3% | 8.8% | 3.7% | 4.3% | 5.5% | 8.2% | 10.6% |
| PAT margin % | -4.1% | 0.5% | 0.9% | 0.7% | 0.6% | 5.9% | 6.8% |
| Working capital | |||||||
| Receivable days | — | — | — | 157 | 180 | 203 | 154 |
| Inventory days | — | — | — | 94 | 112 | 103 | 76 |
| Payable days | — | — | — | 72 | 110 | 82 | 148 |
| NWC days | — | — | — | 179 | 182 | 225 | 82 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.47 | 1.4 | 2.24 | 1.82 |
| Debt to EBITDA | — | — | — | 6.11 | 5.18 | 1.92 | 0.92 |
| Debt to equity | — | — | — | 1.09 | 1 | 0.31 | 0.23 |
| Interest coverage | 2 | 2.2 | 1.8 | 1.5 | 1.9 | 3.7 | 10.6 |
| Asset turnover | — | — | — | 1.09 | 1 | 1.02 | 1.07 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 0.8% | 0.6% | 6% | 7.3% |
| Return on capital employed % | — | — | — | 11.8% | 19% | 19.1% | 31.4% |
| Return on equity % | — | — | — | 2.6% | 1.7% | 10.4% | 15.7% |
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.