Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 19.1% | 47% | 46.3% | 27.7% | 31.9% | 29.3% | 33.5% |
| EBITDA margin % | 7.8% | 34.6% | 33.2% | 13% | 17.4% | 15.4% | 17% |
| EBIT margin % | 7% | 33.8% | 32.5% | 12.3% | 16.6% | 14.7% | 16.3% |
| PAT margin % | 6.1% | 25.8% | 25.1% | 10% | 14.7% | 12.9% | 14.1% |
| Working capital | |||||||
| Receivable days | — | 82 | 74 | 64 | 69 | 67 | 73 |
| Inventory days | — | 60 | 96 | 63 | 60 | 44 | 79 |
| Payable days | — | 19 | 34 | 23 | 40 | 21 | 65 |
| NWC days | — | 123 | 136 | 104 | 89 | 89 | 86 |
| Leverage | |||||||
| Current ratio | — | 8.11 | 8.48 | 10.88 | 7.3 | 11.25 | 5.88 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 752 | 708.9 | 2,778 | 167.5 | 1,209.2 | 1,278.3 | 1,175.5 |
| Asset turnover | — | 1.66 | 1.26 | 1.17 | 1.16 | 1.27 | 0.99 |
| Return ratios | |||||||
| Return on assets % | — | 43% | 31.6% | 11.7% | 17% | 16.3% | 14% |
| Return on capital employed % | — | 63.6% | 55.5% | 18.8% | 23.8% | 24.7% | 23.3% |
| Return on equity % | — | 49% | 35.7% | 12.8% | 19.4% | 18% | 16.6% |
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.