Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 17.6% | 20% | 18.6% | 17.2% | 20.6% | 21.8% | 26.2% |
| EBITDA margin % | 6% | 8% | 6.6% | 6.7% | 8.1% | 8.4% | 7.1% |
| EBIT margin % | 4.8% | 6.4% | 5.4% | 5.6% | 6.7% | 6.4% | 3.9% |
| PAT margin % | 3.3% | 4.5% | 4% | 4.6% | 5.1% | 4.8% | 2.6% |
| Working capital | |||||||
| Receivable days | — | 54 | 37 | 35 | 46 | 41 | 34 |
| Inventory days | — | 24 | 18 | 25 | 28 | 38 | 35 |
| Payable days | — | 19 | 17 | 36 | 47 | 50 | 44 |
| NWC days | — | 59 | 38 | 25 | 26 | 29 | 24 |
| Leverage | |||||||
| Current ratio | — | 1.66 | 1.63 | 1.53 | 1.23 | 1.17 | 1.15 |
| Debt to EBITDA | — | 1.81 | 1.39 | 1.01 | 2 | 2.11 | 2.87 |
| Debt to equity | — | 0.66 | 0.5 | 0.34 | 0.68 | 0.68 | 0.49 |
| Interest coverage | 4.5 | 6 | 7.3 | 10 | 7.2 | 5.5 | 3 |
| Asset turnover | — | 2.29 | 2.94 | 2.69 | 1.9 | 1.78 | 1.37 |
| Return ratios | |||||||
| Return on assets % | — | 10.2% | 11.7% | 12.3% | 9.8% | 8.6% | 3.6% |
| Return on capital employed % | — | 22.8% | 29.6% | 29% | 25% | 21.8% | 10.1% |
| Return on equity % | — | 20.7% | 21.6% | 22.9% | 21.4% | 18.4% | 6.3% |
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.