Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 60.6% | 58.4% | 60.1% | 61.2% | 64.2% | 59.2% |
| EBITDA margin % | 5.8% | 4.3% | 6.9% | 6.4% | 5.7% | 3% |
| EBIT margin % | 3.3% | 1.1% | 5.3% | 5.1% | 4% | 1.3% |
| PAT margin % | 1.2% | -0.8% | 3.2% | 3.1% | 2.4% | 0.4% |
| Working capital | ||||||
| Receivable days | — | — | 45 | 59 | 66 | 56 |
| Inventory days | — | — | 123 | 117 | 145 | 125 |
| Payable days | — | — | 27 | 40 | 51 | 55 |
| NWC days | — | — | 141 | 136 | 161 | 126 |
| Leverage | ||||||
| Current ratio | — | — | 2.79 | 2.37 | 2.13 | 2.11 |
| Debt to EBITDA | — | — | 2.33 | 2.7 | 2.8 | 2.6 |
| Debt to equity | — | — | 0.42 | 0.44 | 0.4 | 0.21 |
| Interest coverage | 1.8 | 0.7 | 4.6 | 5.2 | 4.5 | 2.6 |
| Asset turnover | — | — | 1.54 | 1.44 | 1.46 | 1.67 |
| Return ratios | ||||||
| Return on assets % | — | — | 5% | 4.5% | 3.5% | 0.6% |
| Return on capital employed % | — | — | 12.1% | 11.1% | 9.5% | 4.4% |
| Return on equity % | — | — | 8.5% | 7.8% | 6.2% | 1% |
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.