Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 47.5% | 48.9% | 41.5% | 43.3% | 44.3% | 47% | 47.8% |
| EBITDA margin % | 12.4% | 12.3% | 10.4% | 8.1% | 9.3% | 10.2% | 12.4% |
| EBIT margin % | 8.8% | 8.8% | 7.5% | 4.8% | 5.5% | 7.7% | 9.6% |
| PAT margin % | 6% | 5.6% | 5.7% | 2.8% | 2.7% | 4.9% | 6.8% |
| Working capital | |||||||
| Receivable days | 35 | — | 40 | 35 | 54 | 48 | 62 |
| Inventory days | 110 | — | 115 | 129 | 164 | 160 | 149 |
| Payable days | 21 | — | 30 | 34 | 39 | 37 | 40 |
| NWC days | 124 | — | 125 | 130 | 179 | 172 | 171 |
| Leverage | |||||||
| Current ratio | 1.59 | — | 1.56 | 1.67 | 1.28 | 1.36 | 1.27 |
| Debt to EBITDA | 1.92 | — | 2.5 | 3.2 | 3.76 | 3.01 | 2.5 |
| Debt to equity | 0.66 | — | 0.79 | 0.63 | 0.78 | 0.71 | 0.68 |
| Interest coverage | 4.4 | 4.5 | 4.2 | 2.5 | 2.3 | 3.3 | 4.4 |
| Asset turnover | 1.36 | — | 1.46 | 1.28 | 1.06 | 1.13 | 1.08 |
| Return ratios | |||||||
| Return on assets % | 8.2% | — | 8.3% | 3.6% | 2.9% | 5.6% | 7.3% |
| Return on capital employed % | 18.5% | — | 19.1% | 10% | 11.2% | 17.1% | 19.7% |
| Return on equity % | 16.6% | — | 17.3% | 6.7% | 6.1% | 11.4% | 14.8% |
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.