Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 49% | 39.3% | 36.2% | 31.6% | 40.6% | 32.4% | 39.6% |
| EBITDA margin % | 5.3% | 5.5% | 6.2% | 6.7% | 10.9% | 10.2% | 9.2% |
| EBIT margin % | 3.9% | 4.6% | 5.2% | 5.9% | 10.1% | 9% | 8% |
| PAT margin % | 1.6% | 2.3% | 2.6% | 5.5% | 10.3% | 7.2% | 6.5% |
| Working capital | |||||||
| Receivable days | 80 | 79 | 105 | 86 | 98 | 120 | 122 |
| Inventory days | 312 | 236 | 213 | 153 | 178 | 121 | 126 |
| Payable days | 133 | 87 | 81 | 73 | 73 | 51 | 41 |
| NWC days | 258 | 227 | 238 | 166 | 203 | 190 | 207 |
| Leverage | |||||||
| Current ratio | 1.43 | 1.48 | 1.46 | 1.54 | 1.93 | 2.14 | 2.42 |
| Debt to EBITDA | 5.86 | 5.32 | 5.58 | 3.21 | 1.73 | 1.79 | 1.72 |
| Debt to equity | 0.82 | 0.94 | 1.11 | 0.62 | 0.4 | 0.37 | 0.31 |
| Interest coverage | 1.8 | 2.4 | 2.1 | 2.8 | 5.6 | 6.8 | 8.4 |
| Asset turnover | 1.06 | 1.18 | 1.16 | 1.31 | 1.19 | 1.22 | 1.27 |
| Return ratios | |||||||
| Return on assets % | 1.7% | 2.8% | 3% | 7.2% | 12.3% | 8.8% | 8.2% |
| Return on capital employed % | 10.1% | 14.2% | 15.8% | 17.8% | 23.5% | 19.8% | 18.9% |
| Return on equity % | 4.1% | 7.5% | 8.3% | 15.8% | 22% | 14.6% | 12.7% |
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.