Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 42.1% | 38.5% | 40.2% | 42.1% | 41.1% | ||
| 41.1% |
| 39.8% |
| EBITDA margin % | 15.9% | 2.5% | 10.7% | 17.3% | 16.6% | 15.3% | 14.8% |
| EBIT margin % | 2.9% | -19.9% | -3.4% | 7.8% | 6.5% | 4.6% | 4% |
| PAT margin % | -4.1% | -15.3% | -1.9% | 2.9% | 1.8% | 0.2% | -0.7% |
| Working capital | |||||||
| Receivable days | — | 6 | 5 | 3 | 7 | 5 | 6 |
| Inventory days | — | 290 | 244 | 235 | 242 | 273 | 253 |
| Payable days | — | 391 | 349 | 287 | 283 | 303 | 295 |
| NWC days | — | -94 | -101 | -49 | -34 | -25 | -37 |
| Leverage | |||||||
| Current ratio | — | 0.8 | 0.77 | 0.8 | 0.81 | 0.85 | 0.85 |
| Debt to EBITDA | — | 4.21 | 0.8 | 0.18 | 0.24 | 0.48 | 0.32 |
| Debt to equity | — | 1.55 | 2.84 | 0.61 | 0.58 | 1.06 | 0.81 |
| Interest coverage | 0.7 | -0.6 | 0.4 | 1.8 | 1.5 | 1 | 0.9 |
| Asset turnover | — | 0.5 | 0.67 | 0.87 | 0.82 | 0.76 | 0.8 |
| Return ratios | |||||||
| Return on assets % | — | -7.6% | -1.2% | 2.5% | 1.5% | 0.2% | -0.6% |
| Return on capital employed % | — | -6.5% | 4.4% | 18.3% | 13.9% | 9.4% | 8.3% |
| Return on equity % | — | -223.1% | -61.9% | 56.3% | 25.6% | 3.4% | -12.4% |
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.