Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 50.3% | 54.2% | 56.7% | 49.1% | 54% | 53.8% | 53.6% |
| EBITDA margin % | 16.8% | 21.2% | 21.4% | 18.1% | 18.8% | 16.8% | 19.2% |
| EBIT margin % | 12.5% | 17.2% | 17.7% | 13.6% | 14.1% | 12.4% | 14.9% |
| PAT margin % | 8.3% | 12.7% | 13.5% | 8.9% | 8.5% | 7.9% | 10.7% |
| Working capital | |||||||
| Receivable days | 82 | 98 | 76 | 63 | 74 | 65 | 63 |
| Inventory days | 159 | 140 | 182 | 158 | 201 | 214 | 221 |
| Payable days | 77 | 107 | 138 | 95 | 101 | 77 | 87 |
| NWC days | 164 | 131 | 119 | 126 | 174 | 202 | 198 |
| Leverage | |||||||
| Current ratio | 1.33 | 1.33 | 1.27 | 1.16 | 1.17 | 1.51 | 1.44 |
| Debt to EBITDA | 1.93 | 1.54 | 1.33 | 2.06 | 2.32 | 1.93 | 1.52 |
| Debt to equity | 0.57 | 0.53 | 0.54 | 0.73 | 0.84 | 0.5 | 0.44 |
| Interest coverage | 4.5 | 8.4 | 10 | 5.7 | 4.9 | 4.8 | 7.7 |
| Asset turnover | 0.85 | 0.79 | 0.87 | 0.83 | 0.81 | 0.83 | 0.89 |
| Return ratios | |||||||
| Return on assets % | 7% | 10.1% | 11.8% | 7.4% | 6.9% | 6.5% | 9.5% |
| Return on capital employed % | 21.3% | 29.9% | 35.7% | 23.2% | 22.8% | 19.8% | 22.9% |
| Return on equity % | 14.5% | 20.5% | 25.7% | 17.4% | 16.5% | 12.2% | 16.3% |
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.