Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 46.5% | 47.6% | 44.2% | 44.6% | 46.7% | 46.2% | 45.2% |
| EBITDA margin % | 12.2% | 16% | 12.4% | 12.9% | 14.9% | 13.4% | 12.6% |
| EBIT margin % | 6.7% | 10.9% | 7.7% | 9% | 11.1% | 9.4% | 8.2% |
| PAT margin % | 4% | 8.2% | 5.8% | 6.6% | 8.6% | 7.6% | 6.9% |
| Working capital | |||||||
| Receivable days | 36 | 30 | 28 | 24 | 30 | 26 | 31 |
| Inventory days | 39 | 45 | 52 | 39 | 44 | 50 | 41 |
| Payable days | 42 | 45 | 38 | 38 | 45 | 38 | 38 |
| NWC days | 33 | 30 | 42 | 26 | 29 | 38 | 34 |
| Leverage | |||||||
| Current ratio | 1.33 | 2.38 | 2.05 | 1.79 | 1.67 | 2.3 | 2.28 |
| Debt to EBITDA | 1.15 | 0.85 | 0.88 | 0.69 | 0.93 | 0.52 | 0.51 |
| Debt to equity | 0.33 | 0.28 | 0.23 | 0.22 | 0.34 | 0.11 | 0.1 |
| Interest coverage | 3.6 | 11.2 | 11.7 | 10.4 | 16.9 | 15.9 | 17 |
| Asset turnover | 1.35 | 1.29 | 1.37 | 1.64 | 1.48 | 1.2 | 1.21 |
| Return ratios | |||||||
| Return on assets % | 5.4% | 10.6% | 7.9% | 10.8% | 12.8% | 9.1% | 8.3% |
| Return on capital employed % | 12.5% | 21.1% | 14.2% | 21.4% | 26.3% | 19% | 14.6% |
| Return on equity % | 9.5% | 16.8% | 12.2% | 16.5% | 21.2% | 12.3% | 11.1% |
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.