Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 40.7% | 39% | 37.9% | 38.2% | 37.4% | ||
| 37.6% |
| 37.3% |
| EBITDA margin % | 3.9% | 7.9% | 9.5% | 8.2% | 7.5% | 4.2% | 3.1% |
| EBIT margin % | 0.2% | 6.6% | 8% | 6.7% | 5.7% | 2.3% | 1.1% |
| PAT margin % | 2.2% | 7.4% | 12.6% | 13.7% | 15.4% | 17.3% | 14.2% |
| Working capital | |||||||
| Receivable days | — | 133 | 124 | 185 | 139 | 152 | 141 |
| Inventory days | — | 102 | 81 | 81 | 73 | 92 | 73 |
| Payable days | — | 152 | 78 | 96 | 63 | 97 | 98 |
| NWC days | — | 82 | 127 | 169 | 149 | 147 | 116 |
| Leverage | |||||||
| Current ratio | — | 3.7 | 4.42 | 4.98 | 5.69 | 4.1 | 4.01 |
| Debt to EBITDA | — | 0 | 0.55 | 0.3 | 0.65 | 0 | 0.76 |
| Debt to equity | — | 0 | 0.05 | 0.02 | 0.03 | 0 | 0.01 |
| Interest coverage | 15.5 | 135.8 | 82.5 | 73.5 | 58.4 | 112.6 | 65.2 |
| Asset turnover | — | 0.69 | 0.72 | 0.55 | 0.6 | 0.51 | 0.44 |
| Return ratios | |||||||
| Return on assets % | — | 5.2% | 9.1% | 7.5% | 9.2% | 8.8% | 6.2% |
| Return on capital employed % | — | 10.1% | 17.1% | 12.4% | 14.5% | 15.7% | 9.3% |
| Return on equity % | — | 6.7% | 11.6% | 9.4% | 11% | 11.4% | 8.1% |
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.