Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 68.3% | 69.9% | 70.1% | 69.6% | 69.7% | 70% | 71.1% |
| EBITDA margin % | 15.9% | -1% | 16.8% | 20.4% | 17.3% | 16.6% | 17.4% |
| EBIT margin % | -0.1% | -22.4% | 5.9% | 11.9% | 7% | 5.4% | 5.7% |
| PAT margin % | -10.6% | -19.5% | 3.2% | 25.8% | 7.4% | 5% | 4.4% |
| Working capital | |||||||
| Receivable days | 2 | 0 | 7 | 6 | 7 | 5 | 5 |
| Inventory days | 24 | 0 | 25 | 22 | 23 | 23 | 27 |
| Payable days | 0 | 0 | 145 | 103 | 84 | 81 | 86 |
| NWC days | 26 | 0 | -112 | -74 | -54 | -53 | -53 |
| Leverage | |||||||
| Current ratio | 1.52 | — | 1.83 | 2.6 | 2.76 | 2.6 | 2.54 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 0.5 | -1 | 2 | 5 | 3.3 | 3 | 3.1 |
| Asset turnover | 1.03 | — | 0.75 | 0.79 | 0.8 | 0.81 | 0.85 |
| Return ratios | |||||||
| Return on assets % | -10.9% | — | 2.4% | 20.4% | 5.9% | 4.1% | 3.7% |
| Return on capital employed % | 3.5% | -12.1% | 10.7% | 20.8% | 11.9% | 9.7% | 9.7% |
| Return on equity % | -23.2% | — | 5.6% | 35% | 9.8% | 6.7% | 6% |
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.