Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 22.3% | 23% | 23.8% | 37.6% | 34.5% | 39.1% | 42.7% | 45.9% |
| EBITDA margin % | 10.4% | 10.3% | 10.8% | 13.5% | 10.6% | 10.1% | 6.4% | 6.2% |
| EBIT margin % | 8.7% | 8.1% | 8.9% | 11.1% | 8.7% | 7.8% | 4.1% | 4% |
| PAT margin % | 4.5% | 6.1% | 5.4% | 6.7% | 5.5% | 5.1% | 2% | 2.3% |
| Working capital | ||||||||
| Receivable days | 26 | — | 26 | 27 | 25 | 23 | 20 | 15 |
| Inventory days | 158 | — | 146 | 230 | 129 | 208 | 215 | 206 |
| Payable days | 0 | — | 67 | 63 | 35 | 26 | 32 | 38 |
| NWC days | 184 | — | 105 | 195 | 119 | 204 | 204 | 183 |
| Leverage | ||||||||
| Current ratio | — | 0.91 | 1.2 | 1.12 | 1.24 | 1.2 | 1.29 | 1.37 |
| Debt to EBITDA | 3.82 | — | 2.51 | 3.02 | 2.39 | 3.62 | 5.37 | 5.07 |
| Debt to equity | 1.35 | — | 0.73 | 0.99 | 0.7 | 0.88 | 0.79 | 0.73 |
| Interest coverage | 2.7 | 3.1 | 4.9 | 5 | 6.1 | 5.5 | 2.5 | 2.8 |
| Asset turnover | 1.08 | 1,754.26 | 1.22 | 1 | 1.35 | 1.12 | 1.11 | 1.16 |
| Return ratios | ||||||||
| Return on assets % | 4.8% | 10,727.9% | 6.6% | 6.7% | 7.4% | 5.7% | 2.2% | 2.7% |
| Return on capital employed % | — | -1,86,029.4% | 20.1% | 16.1% | 21.2% | 17.2% | 9% | 9.3% |
| Return on equity % | 15.1% | -1,26,841.2% | 14.7% | 16.3% | 15.2% | 12.2% | 4.5% | 5.5% |
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.