Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 80.2% | — | 37.2% | 30.2% | 26.3% | 26.5% | 20.1% | 15.6% |
| EBITDA margin % | 5.1% | — | 7.6% | 6.3% | 4% | 5.9% | 4.8% | 3.8% |
| EBIT margin % | 3.6% | — | 5.1% | 3.7% | 2.7% | 4.4% | 3.6% | 3% |
| PAT margin % | 0.3% | — | 1.2% | 0.9% | 0.7% | 1.3% | 1.4% | 1.5% |
| Working capital | ||||||||
| Receivable days | 47 | — | 152 | 138 | 110 | 107 | 93 | 76 |
| Inventory days | 147 | — | 86 | 95 | 70 | 78 | 88 | 64 |
| Payable days | 192 | — | 166 | 163 | 127 | 114 | 102 | 63 |
| NWC days | 2 | — | 72 | 69 | 54 | 72 | 79 | 77 |
| Leverage | ||||||||
| Current ratio | 1.2 | — | 1.12 | 1.12 | 1.13 | 1.16 | 1.2 | 1.59 |
| Debt to EBITDA | 3.15 | — | 4.62 | 5.45 | 6.13 | 3.68 | 4.15 | 3.95 |
| Debt to equity | 1.6 | — | 1.91 | 1.96 | 2 | 1.81 | 1.69 | 0.96 |
| Interest coverage | 1.2 | — | 1.4 | 1.4 | 1.4 | 1.6 | 1.9 | 2.8 |
| Asset turnover | 2.51 | — | 1.13 | 1.13 | 1.51 | 1.48 | 1.62 | 2.07 |
| Return ratios | ||||||||
| Return on assets % | 0.6% | — | 1.4% | 1% | 1.1% | 1.9% | 2.3% | 3% |
| Return on capital employed % | 26% | 0% | 17.3% | 14.1% | 15% | 22.7% | 20% | 18.2% |
| Return on equity % | 2.5% | — | 6.7% | 5% | 5.8% | 10.8% | 11.9% | 9.3% |
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.