Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 5.4% | 12.6% | 11.7% | 11.3% | 5.5% | ||
| 5.5% |
| 5% |
| EBITDA margin % | 0.7% | 1.2% | 1.1% | 1.2% | 1.7% | 0.6% | 0.4% |
| EBIT margin % | 0.6% | 1% | 1.1% | 1.2% | 1.6% | 0.5% | 0.3% |
| PAT margin % | 0.7% | 0.8% | 1% | 0.9% | 1.9% | 0.7% | 0.6% |
| Working capital | |||||||
| Receivable days | — | 74 | — | 36 | 62 | 67 | 96 |
| Inventory days | — | 15 | — | 15 | 22 | 24 | 36 |
| Payable days | — | 9 | — | 5 | 3 | 10 | 28 |
| NWC days | — | 80 | — | 45 | 81 | 81 | 104 |
| Leverage | |||||||
| Current ratio | — | 7.8 | — | 4.37 | 3.42 | 4.23 | 4.55 |
| Debt to EBITDA | — | 0.27 | — | 0.42 | 2.74 | 7.47 | 1.22 |
| Debt to equity | — | 0.01 | — | 0.04 | 0.2 | 0.15 | 0.01 |
| Interest coverage | 11.1 | 4 | 10.1 | 6.6 | 12.8 | 6.8 | 8.1 |
| Asset turnover | — | 3.09 | — | 5.55 | 3.14 | 2.51 | 1.82 |
| Return ratios | |||||||
| Return on assets % | — | 2.6% | — | 5% | 5.9% | 1.6% | 1% |
| Return on capital employed % | — | 5% | — | 10% | 10.8% | 4% | 1.9% |
| Return on equity % | — | 3.2% | — | 6.9% | 8.3% | 2.1% | 1.3% |
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.