Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 56.3% | 50.6% | 48.9% | 48.1% | 44.7% | 41.6% |
| EBITDA margin % | 18.8% | 14.3% | 12.6% | 6% | 5.2% | 8.4% |
| EBIT margin % | 14.6% | 10.2% | 9.8% | 2% | 1.2% | 5.1% |
| PAT margin % | 14.3% | 9.4% | 8.1% | 4% | 1.3% | 3.5% |
| Working capital | ||||||
| Receivable days | — | — | 36 | 36 | 35 | 34 |
| Inventory days | — | — | 125 | 161 | 145 | 76 |
| Payable days | — | — | 24 | 36 | 39 | 31 |
| NWC days | — | — | 137 | 161 | 141 | 79 |
| Leverage | ||||||
| Current ratio | — | — | 4.31 | 3.96 | 4.01 | 4.78 |
| Debt to EBITDA | — | — | 0.08 | 0.27 | 0.13 | 0 |
| Debt to equity | — | — | 0.02 | 0.02 | 0.01 | 0 |
| Interest coverage | 8.9 | 6.7 | 70.4 | 51.3 | 35 | 61.6 |
| Asset turnover | — | — | 1.16 | 0.91 | 0.96 | 1.13 |
| Return ratios | ||||||
| Return on assets % | — | — | 9.4% | 3.7% | 1.3% | 4% |
| Return on capital employed % | — | — | 14.2% | 4.1% | 3.8% | 7.9% |
| Return on equity % | — | — | 12.4% | 4.8% | 1.7% | 5.2% |
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.