Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 47.4% | 42.7% | 44.2% | 45.2% | 48.3% | 49.9% | 47.6% |
| EBITDA margin % | 2.8% | 3.9% | 7.1% | 9.4% | 10.9% | 12.6% | 6.9% |
| EBIT margin % | 0.4% | 1.9% | 5.6% | 7.7% | 9.3% | 10.8% | 5% |
| PAT margin % | 2.1% | 1.9% | 3% | 4.1% | 7% | 7.3% | 3.3% |
| Working capital | |||||||
| Receivable days | — | 193 | 157 | 116 | 130 | 154 | 191 |
| Inventory days | — | 354 | 313 | 352 | 393 | 431 | 375 |
| Payable days | — | 133 | 85 | 116 | 132 | 129 | 164 |
| NWC days | — | 414 | 385 | 352 | 390 | 456 | 401 |
| Leverage | |||||||
| Current ratio | — | 2.79 | 2.89 | 2.38 | 2.46 | 2.65 | 2.01 |
| Debt to EBITDA | — | 0.73 | 0.58 | 1.05 | 0.14 | 0.45 | 1.03 |
| Debt to equity | — | 0.05 | 0.08 | 0.16 | 0.02 | 0.08 | 0.1 |
| Interest coverage | 1.5 | 3.2 | 5 | 7 | 10.8 | 8.4 | 5.4 |
| Asset turnover | 4.96 | 0.69 | 0.84 | 0.78 | 0.74 | 0.68 | 0.62 |
| Return ratios | |||||||
| Return on assets % | 10.4% | 1.3% | 2.5% | 3.2% | 5.2% | 5% | 2% |
| Return on capital employed % | — | 3.5% | 6.8% | 9.4% | 12.4% | 12.1% | 6% |
| Return on equity % | — | 3.1% | 5.5% | 6.5% | 10.6% | 10.1% | 4.8% |
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.