Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 41% | 45.4% | 37.3% | 29.6% | 32.5% | 40.8% | 27% |
| EBITDA margin % | 23.6% | 25.8% | 19.4% | 10.9% | 8.7% | 13.7% | 10.4% |
| EBIT margin % | 18% | 19.3% | 14.6% | 4% | 2.3% | 8.4% | 6.7% |
| PAT margin % | 15.9% | 15.6% | 11.7% | 2.9% | 3.8% | 6.5% | 5.1% |
| Working capital | |||||||
| Receivable days | 69 | 87 | 63 | 93 | 115 | 115 | 66 |
| Inventory days | 57 | 63 | 63 | 45 | 48 | 51 | 32 |
| Payable days | 77 | 62 | 50 | 41 | 66 | 71 | 43 |
| NWC days | 49 | 88 | 76 | 96 | 97 | 95 | 56 |
| Leverage | |||||||
| Current ratio | 2.15 | 2.43 | 2.51 | 2.83 | 2.74 | 2.68 | 2.19 |
| Debt to EBITDA | 0.21 | 0.3 | 0.3 | 0.7 | 1.1 | 0.55 | 1.11 |
| Debt to equity | 0.05 | 0.07 | 0.07 | 0.08 | 0.09 | 0.08 | 0.17 |
| Interest coverage | 47.8 | 77.5 | 52.8 | 6.8 | 15.2 | 20.4 | 19.1 |
| Asset turnover | 0.79 | 0.7 | 0.93 | 0.79 | 0.73 | 0.81 | 1.02 |
| Return ratios | |||||||
| Return on assets % | 12.5% | 10.9% | 10.9% | 2.3% | 2.7% | 5.3% | 5.2% |
| Return on capital employed % | 18% | 17.5% | 18.7% | 4.4% | 5.1% | 9.8% | 9.9% |
| Return on equity % | 16.4% | 13.9% | 13.9% | 2.9% | 3.5% | 6.9% | 7.4% |
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.