Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 73.3% | 65% | 58.4% | 63.3% | 59.8% | 59.7% | 63.3% | 60.4% |
| EBITDA margin % | 15.1% | 12.2% | 14.1% | 17.1% | 12.3% | 14.1% | 15.4% | 14.1% |
| EBIT margin % | 8% | 6.2% | 8% | 13.1% | 8.5% | 8.4% | 8% | 6.8% |
| PAT margin % | 6.8% | 5.6% | 7.2% | 10.2% | 8.8% | 7% | 6.7% | 6.2% |
| Working capital | ||||||||
| Receivable days | 91 | — | 41 | 32 | 33 | 35 | 33 | 33 |
| Inventory days | 647 | — | 221 | 229 | 214 | 243 | 299 | 282 |
| Payable days | — | — | 77 | 68 | 55 | 85 | 71 | 56 |
| NWC days | — | — | 185 | 194 | 191 | 193 | 261 | 259 |
| Leverage | ||||||||
| Current ratio | 8.49 | — | 3.27 | 3.34 | 2.11 | 1.18 | 1.96 | 2.21 |
| Debt to EBITDA | 1.18 | — | 0.09 | 0 | 0.77 | 1.16 | 0.46 | 0.81 |
| Debt to equity | 0.11 | — | 0.01 | 0 | 0.11 | 0.27 | 0.1 | 0.15 |
| Interest coverage | 4.4 | 8.8 | 26.3 | 120 | 46.6 | 11 | 9.1 | 17 |
| Asset turnover | 0.45 | — | 0.68 | 0.88 | 0.85 | 0.87 | 0.98 | 0.93 |
| Return ratios | ||||||||
| Return on assets % | 3.1% | — | 4.9% | 8.9% | 7.4% | 6.1% | 6.6% | 5.8% |
| Return on capital employed % | 5.6% | — | 8.7% | 17.5% | 12.6% | 11.6% | 14.7% | 11.8% |
| Return on equity % | 4.1% | — | 6.1% | 11.1% | 10.4% | 11.4% | 9.2% | 8.4% |
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.