Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 31% | 32.1% | 32% | 31.4% | 31.9% | 31.6% | 32.9% | 31.9% |
| EBITDA margin % | 13.1% | 13.3% | 15% | 14.3% | 11.2% | 9.8% | 11.3% | 10.2% |
| EBIT margin % | 12.8% | 12.7% | 14.4% | 13.5% | 9.5% | 8% | 9.4% | 8.1% |
| PAT margin % | 9% | 11% | 12.8% | 10.7% | 6.9% | 6% | 7.2% | -2.9% |
| Working capital | ||||||||
| Receivable days | 46 | — | 35 | 42 | 36 | 36 | 32 | 49 |
| Inventory days | 42 | — | 58 | 71 | 58 | 61 | 61 | 49 |
| Payable days | — | — | 92 | 100 | 81 | 96 | 97 | 122 |
| NWC days | — | — | 1 | 12 | 13 | 1 | -3 | -24 |
| Leverage | ||||||||
| Current ratio | 1.43 | — | 2.1 | 1.03 | 1.3 | 1.31 | 1.34 | 1.43 |
| Debt to EBITDA | 0.6 | — | 0.66 | 2.09 | 1.2 | 0.84 | 0.34 | 0 |
| Debt to equity | 0.32 | — | 0.25 | 0.66 | 0.35 | 0.2 | 0.09 | 0 |
| Interest coverage | 10.4 | 15.5 | 17.9 | 22.7 | 6.6 | 8.2 | 16.8 | 16.4 |
| Asset turnover | 1.68 | — | 1.34 | 0.84 | 1.21 | 1.2 | 1.24 | 1.33 |
| Return ratios | ||||||||
| Return on assets % | 15% | — | 17.1% | 9% | 8.4% | 7.3% | 8.9% | -3.8% |
| Return on capital employed % | 42.3% | — | 32.4% | 27.6% | 19.6% | 16.4% | 19.6% | 18.2% |
| Return on equity % | 36.6% | — | 31.9% | 23.6% | 17.9% | 14.7% | 16.6% | -7.8% |
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.