Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.2% | 43.6% | 42.3% | 40.2% | 29.1% | 39.3% | 44% | 36.1% |
| EBITDA margin % | 12.1% | 15.6% | 19.4% | 14.1% | 6.6% | 11.4% | 14.9% | 12.9% |
| EBIT margin % | 10.6% | 13.2% | 17.1% | 12.2% | 5.4% | 9.6% | 12.9% | 11.2% |
| PAT margin % | 5.8% | 10% | 13.7% | 9.8% | 3.7% | 7.1% | 9.9% | 9.4% |
| Working capital | ||||||||
| Receivable days | 173 | 166 | 34 | 49 | 23 | 4 | 8 | 36 |
| Inventory days | 79 | 60 | 39 | 119 | 25 | 42 | 71 | 63 |
| Payable days | 59 | 29 | 19 | 57 | 22 | 27 | 25 | 26 |
| NWC days | 193 | 198 | 54 | 111 | 26 | 19 | 54 | 73 |
| Leverage | ||||||||
| Current ratio | 1 | 1.1 | 2.06 | 1.6 | 1.79 | 2.01 | 3.08 | 2.33 |
| Debt to EBITDA | 7.08 | 4.93 | 1.28 | 1.91 | 1.83 | 0.91 | 0.03 | 0.39 |
| Debt to equity | 3.02 | 2.65 | 0.6 | 0.68 | 0.47 | 0.25 | 0.01 | 0.1 |
| Interest coverage | 4.6 | 3.4 | 7.9 | 19.2 | 5.2 | 11.4 | 48.9 | 360.7 |
| Asset turnover | 0.73 | 0.84 | 1.24 | 1.21 | 2.17 | 1.56 | 1.46 | 1.44 |
| Return ratios | ||||||||
| Return on assets % | 4.2% | 8.4% | 17.1% | 11.8% | 8.1% | 11.1% | 14.5% | 13.6% |
| Return on capital employed % | 17.2% | 22.6% | 26.7% | 22.3% | 17.6% | 20.7% | 24% | 22.3% |
| Return on equity % | 20.3% | 34.6% | 33.3% | 24.5% | 14.6% | 17.5% | 18.9% | 18.8% |
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.