Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 16.6% | 19.3% | 24.9% | 25.3% | 24.2% | 20.2% | 19.8% | 19.4% |
| EBIT margin % | 4.1% | 5.5% | 11.4% | 12.1% | 11.5% | 8.4% | 8.6% | 8% |
| PAT margin % | -0.5% | -0.5% | 7.3% | 8.9% | 10.1% | 4.6% | 8% | 4% |
| Working capital | ||||||||
| Receivable days | — | — | 56 | 56 | 56 | 65 | 63 | 61 |
| Inventory days | — | — | 1 | 1 | 4 | 2 | 3 | 2 |
| Payable days | — | — | 92 | 88 | 88 | 80 | 70 | 79 |
| NWC days | — | — | -35 | -30 | -28 | -12 | -4 | -16 |
| Leverage | ||||||||
| Current ratio | — | — | 0.74 | 0.56 | 0.57 | 0.43 | 0.58 | 0.49 |
| Debt to EBITDA | — | — | 2.34 | 1.87 | 1.74 | 2.39 | 2.38 | 2.19 |
| Debt to equity | — | — | 86.25 | 8.51 | 4.96 | 5.66 | 3.6 | 3.07 |
| Interest coverage | 1.9 | 2.1 | 5 | 6.5 | 5.6 | 3.2 | 2.9 | 3 |
| Asset turnover | — | — | 0.8 | 0.85 | 0.87 | 0.85 | 0.87 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.9% | 7.5% | 8.8% | 3.9% | 6.9% | 3.5% |
| Return on capital employed % | — | — | 15.5% | 19% | 22% | 18.9% | 16.9% | 16.1% |
| Return on equity % | — | — | 1,083.9% | 160.1% | 118.6% | 54.3% | 60.8% | 28.9% |
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.