Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 48.9% | 46.3% | 53.1% | 51.1% | 50.2% | 51.5% | 54.2% | 54% |
| EBITDA margin % | — | — | 6.7% | 10.3% | 8.7% | 10.6% | 12% | 10.9% |
| EBIT margin % | — | — | 2.6% | 7.1% | 5.3% | 7.1% | 8.2% | 6.3% |
| PAT margin % | 35.1% | 2.9% | 2.4% | 4.2% | 2.6% | 4.5% | 5.4% | 3.1% |
| Working capital | ||||||||
| Receivable days | 103 | 140 | 158 | 131 | 112 | 103 | 93 | 94 |
| Inventory days | 387 | 631 | 704 | 381 | 168 | 153 | 163 | 201 |
| Payable days | 145 | 144 | 224 | 155 | 155 | 102 | 99 | 125 |
| NWC days | 345 | 626 | 638 | 356 | 126 | 155 | 157 | 170 |
| Leverage | ||||||||
| Current ratio | 1.44 | 1.39 | 1.25 | 1.15 | 1.03 | 1.32 | 1.16 | 1.3 |
| Debt to EBITDA | — | — | 7.46 | 3.26 | 3.63 | 1.72 | 1.61 | 2.05 |
| Debt to equity | 0.61 | 0.67 | 0.59 | 0.58 | 0.59 | 0.28 | 0.29 | 0.28 |
| Interest coverage | -0.1 | -0 | 1.6 | 3.3 | 2.4 | 4.2 | 4 | 3.1 |
| Asset turnover | 0.83 | 0.49 | 0.47 | 0.69 | 0.84 | 0.88 | 0.87 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | 29.1% | 1.4% | 1.2% | 2.9% | 2.2% | 3.9% | 4.7% | 2.3% |
| Return on capital employed % | -0.4% | -0.1% | 7.5% | 13.1% | 10.6% | 13.4% | 13.1% | 8.7% |
| Return on equity % | 68.5% | 3.4% | 2.9% | 7.2% | 4.8% | 6.7% | 8.2% | 3.9% |
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.