Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 37.2% | 32.3% | 36% | 29.9% | 28.9% | 33.1% | 21.1% |
| EBITDA margin % | 3% | 4.3% | 1.8% | 0.6% | 2% | 2.7% | -2.4% |
| EBIT margin % | -0.5% | 1.3% | -0.6% | -1.7% | -0% | -0.6% | -7.4% |
| PAT margin % | -3.1% | -1.8% | -1.6% | -2.2% | -0.9% | -1.7% | -7.9% |
| Working capital | |||||||
| Receivable days | — | 20 | 20 | 16 | 13 | 10 | 9 |
| Inventory days | — | 168 | 192 | 169 | 187 | 227 | 171 |
| Payable days | — | 293 | 302 | 266 | 282 | 333 | 307 |
| NWC days | — | -104 | -90 | -82 | -82 | -96 | -127 |
| Leverage | |||||||
| Current ratio | — | 0.34 | 0.31 | 0.3 | 0.31 | 0.3 | 0.25 |
| Debt to EBITDA | — | 16.53 | 43.17 | 120.77 | 38.17 | 31.8 | — |
| Debt to equity | — | -22.33 | -15.27 | -8.66 | -7.83 | -8.08 | -5.78 |
| Interest coverage | 0.2 | 0.5 | 0.7 | -0.2 | 0.6 | -0 | -4.9 |
| Asset turnover | — | 0.66 | 0.64 | 0.67 | 0.63 | 0.57 | 0.48 |
| Return ratios | |||||||
| Return on assets % | — | -1.2% | -1% | -1.5% | -0.6% | -1% | -3.8% |
| Return on capital employed % | — | 19.8% | 18.6% | -11.5% | -101.3% | 0.3% | 35.9% |
| Return on equity % | — | 57.1% | 32.4% | 25.9% | 9.3% | 15.8% | 39.8% |
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.