Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 29.4% | 31.1% | 31.8% | 25.6% | 20.8% | 25.3% | 25.9% | 24.8% |
| EBITDA margin % | 10.9% | 13.2% | 14.2% | 11.3% | 9.9% | 10.9% | 10.9% | 10.2% |
| EBIT margin % | 10.1% | 12% | 13% | 10.3% | 9.3% | 9.8% | 9.7% | 8.5% |
| PAT margin % | 5.5% | 8.1% | 9.4% | 8% | 6.8% | 7.4% | 8.5% | 6% |
| Working capital | ||||||||
| Receivable days | 50 | — | 14 | 5 | 7 | 23 | 19 | 24 |
| Inventory days | 126 | — | 98 | 94 | 69 | 102 | 98 | 111 |
| Payable days | 0 | — | 110 | 100 | 83 | 119 | 123 | 59 |
| NWC days | 176 | — | 2 | -1 | -7 | 6 | -7 | 76 |
| Leverage | ||||||||
| Current ratio | 1.23 | — | 1.98 | 1.87 | 1.75 | 2.07 | 1.89 | 1.51 |
| Debt to EBITDA | 2.05 | — | 0 | 0 | 0 | 0.02 | 0.09 | 0.27 |
| Debt to equity | 0.86 | — | 0 | 0 | 0 | 0.01 | 0.02 | 0.07 |
| Interest coverage | 5.4 | 6.9 | 17.9 | 28.1 | 15.3 | 12.9 | 10.3 | 8.8 |
| Asset turnover | 1.24 | — | 1.6 | 1.69 | 2.08 | 1.39 | 1.27 | 1.28 |
| Return ratios | ||||||||
| Return on assets % | 6.8% | — | 14.9% | 13.5% | 14.1% | 10.4% | 10.8% | 7.7% |
| Return on capital employed % | 41.1% | — | 33.7% | 34.2% | 38.4% | 26.2% | 24.6% | 23.3% |
| Return on equity % | 21% | — | 25.8% | 24% | 25.5% | 17.4% | 18.4% | 15.1% |
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.