Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 9.2% | 6.8% | 6.3% | 8.3% | 9.4% | 14.9% |
| EBITDA margin % | 2% | -0% | 0.7% | 0.3% | -0.8% | 5% |
| EBIT margin % | 1.5% | -0.4% | 0.4% | -0.2% | -1.5% | 4.6% |
| PAT margin % | 1.6% | 0.6% | 1.6% | 1.2% | 0.7% | 2.5% |
| Working capital | ||||||
| Receivable days | 91 | 63 | 73 | 64 | 88 | 104 |
| Inventory days | 61 | 48 | 46 | 61 | 69 | 56 |
| Payable days | 48 | 18 | 44 | 49 | 59 | 65 |
| NWC days | 104 | 94 | 75 | 77 | 98 | 96 |
| Leverage | ||||||
| Current ratio | 2.15 | 3.44 | 2.4 | 2.27 | 2.53 | 2.35 |
| Debt to EBITDA | 15.33 | — | 28.05 | 84.97 | — | 5.03 |
| Debt to equity | 1.12 | 0.85 | 0.71 | 0.83 | 0.66 | 0.67 |
| Interest coverage | 1.8 | 1.4 | 2 | 1.5 | 1.3 | 2.1 |
| Asset turnover | 1.31 | 1.6 | 1.65 | 1.46 | 1.1 | 1.2 |
| Return ratios | ||||||
| Return on assets % | 2.1% | 1% | 2.6% | 1.8% | 0.7% | 3% |
| Return on capital employed % | 10% | 7.2% | 10.7% | 9.6% | 7.9% | 11.3% |
| Return on equity % | 6% | 2.2% | 5.9% | 4.2% | 1.5% | 6.6% |
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.