Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.1% | 42.2% | 43.9% | 35.6% | 34.7% | 42% | 37.7% | 39.4% |
| EBITDA margin % | 9.2% | 10.7% | 12.9% | 7.6% | 8.6% | 13.8% | 11.2% | 13.1% |
| EBIT margin % | 6.4% | 6.6% | 8.5% | 2.9% | 4.5% | 9.6% | 6.9% | 8.6% |
| PAT margin % | 3.6% | 3.4% | 5.7% | 0.8% | 1.6% | 5.3% | 3.6% | 4.5% |
| Working capital | ||||||||
| Receivable days | — | — | 44 | 45 | 42 | 39 | 46 | 43 |
| Inventory days | — | — | 97 | 79 | 56 | 61 | 63 | 69 |
| Payable days | — | — | 157 | 131 | 112 | 123 | 121 | 132 |
| NWC days | — | — | -17 | -6 | -14 | -23 | -13 | -21 |
| Leverage | ||||||||
| Current ratio | — | — | 0.74 | 0.72 | 0.65 | 0.62 | 0.66 | 0.67 |
| Debt to EBITDA | — | — | 1.44 | 2.95 | 2.15 | 0.99 | 1.31 | 1.47 |
| Debt to equity | — | — | 0.43 | 0.64 | 0.61 | 0.4 | 0.44 | 0.6 |
| Interest coverage | 5.6 | 3.1 | 3.7 | 1.4 | 2.2 | 4.3 | 3.3 | 3.9 |
| Asset turnover | — | — | 0.94 | 1.02 | 1.18 | 1.2 | 1.18 | 1.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.3% | 0.8% | 1.9% | 6.4% | 4.2% | 5% |
| Return on capital employed % | — | — | 12.9% | 5.4% | 9.5% | 20.9% | 15.9% | 20.5% |
| Return on equity % | — | — | 13% | 2.2% | 5.3% | 15.7% | 10.8% | 13.8% |
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.