Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 24.2% | 25.8% | 23% | 21.1% | 23.4% | 21.3% | 15.9% |
| EBITDA margin % | 11.8% | 14% | 13% | 10.1% | 13.3% | 10.3% | 7.4% |
| EBIT margin % | 7% | 8% | 8.4% | 6.2% | 7.4% | 4.8% | 3.7% |
| PAT margin % | 4.9% | 5.7% | 6.3% | 4.2% | 3.9% | 2.9% | 2.1% |
| Working capital | |||||||
| Receivable days | — | 28 | 17 | 22 | 21 | 36 | 17 |
| Inventory days | — | 44 | 37 | 61 | 36 | 37 | 19 |
| Payable days | — | 4 | 6 | 27 | 5 | 14 | 10 |
| NWC days | — | 68 | 49 | 56 | 52 | 59 | 26 |
| Leverage | |||||||
| Current ratio | — | 3.92 | 3.46 | 2.84 | 2.01 | 1.93 | 2.16 |
| Debt to EBITDA | — | 0.68 | 0.47 | 1.82 | 1.19 | 1.63 | 1.45 |
| Debt to equity | — | 0.15 | 0.12 | 0.5 | 0.36 | 0.4 | 0.35 |
| Interest coverage | 6.9 | 8.3 | 13.5 | 6.4 | 2.9 | 2.4 | 2.5 |
| Asset turnover | — | 1.09 | 1.36 | 1.35 | 1.23 | 1.23 | 1.72 |
| Return ratios | |||||||
| Return on assets % | — | 6.3% | 8.5% | 5.7% | 4.8% | 3.6% | 3.5% |
| Return on capital employed % | — | 9.8% | 14.8% | 12.2% | 14.1% | 10.8% | 10.5% |
| Return on equity % | — | 9.3% | 12.9% | 11.4% | 8.9% | 6.8% | 6.8% |
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.