Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | -13.6% | 47.1% | 45.2% | 43% | 41% | 42.1% | 39.6% | 37.8% |
| EBITDA margin % | — | 8.1% | 6% | 8.5% | 9.6% | 10.3% | 8.5% | 9% |
| EBIT margin % | — | 2.4% | 0.6% | 3.6% | 4.8% | 4.8% | 3.9% | 4.9% |
| PAT margin % | 262.7% | 1.2% | -1% | 1.3% | 2.2% | 1.8% | 1% | 2.1% |
| Working capital | ||||||||
| Receivable days | 4,510 | 69 | 87 | 71 | 63 | 56 | 61 | 52 |
| Inventory days | 2,353 | 91 | 120 | 100 | 75 | 84 | 84 | 67 |
| Payable days | 2,839 | 125 | 164 | 153 | 104 | 110 | 118 | 111 |
| NWC days | 4,024 | 36 | 43 | 17 | 34 | 30 | 27 | 7 |
| Leverage | ||||||||
| Current ratio | 1.07 | 1.02 | 0.98 | 0.83 | 0.94 | 0.88 | 0.87 | 0.82 |
| Debt to EBITDA | — | 3.28 | 6.11 | 3.6 | 3.41 | 2.95 | 3.57 | 3.15 |
| Debt to equity | 0.53 | 0.6 | 0.89 | 0.9 | 1.09 | 0.91 | 0.92 | 0.9 |
| Interest coverage | 0.6 | 1.8 | 0.7 | 2 | 2.4 | 2 | 1.8 | 2.4 |
| Asset turnover | 0.02 | 0.98 | 0.89 | 1.04 | 1.19 | 1.14 | 1.11 | 1.16 |
| Return ratios | ||||||||
| Return on assets % | 4.4% | 1.2% | -0.9% | 1.3% | 2.6% | 2.1% | 1.1% | 2.4% |
| Return on capital employed % | 2.5% | 6.7% | 3% | 9.8% | 13% | 10.7% | 8.9% | 10.9% |
| Return on equity % | 9.4% | 2.7% | -2.3% | 3.8% | 7.4% | 5.4% | 2.9% | 6.7% |
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.