Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 53.7% | 57.1% | 54.5% | 45.6% | 53.9% | 54% | 52.8% |
| EBITDA margin % | 10.8% | 13.3% | 16.3% | 7.1% | 10.1% | 10.7% | 10.6% |
| EBIT margin % | 9.3% | 11.8% | 15% | 5.8% | 8.7% | 8.5% | 8.5% |
| PAT margin % | 6% | 8.2% | 10.9% | 3.8% | 5.8% | 5.4% | 5.7% |
| Working capital | |||||||
| Receivable days | 136 | 116 | 109 | 112 | 114 | 119 | 122 |
| Inventory days | 248 | 274 | 282 | 172 | 245 | 253 | 208 |
| Payable days | 98 | 114 | 105 | 66 | 92 | 97 | 94 |
| NWC days | 286 | 276 | 286 | 218 | 268 | 275 | 236 |
| Leverage | |||||||
| Current ratio | 2.07 | 2.48 | 2.2 | 2.47 | 2.08 | 2.09 | 2.31 |
| Debt to EBITDA | 1.99 | 0.9 | 0.94 | 1.64 | 1.93 | 1.8 | 1.39 |
| Debt to equity | 0.45 | 0.23 | 0.31 | 0.23 | 0.39 | 0.39 | 0.29 |
| Interest coverage | 6.2 | 14.3 | 21.8 | 6 | 7.7 | 5.3 | 6.7 |
| Asset turnover | 1.18 | 1.24 | 1.22 | 1.3 | 1.17 | 1.16 | 1.22 |
| Return ratios | |||||||
| Return on assets % | 7.1% | 10.2% | 13.2% | 4.9% | 6.8% | 6.2% | 6.9% |
| Return on capital employed % | 20.1% | 24.7% | 34.1% | 12.1% | 18.2% | 17.2% | 17.1% |
| Return on equity % | 12.6% | 15.9% | 21.9% | 7.4% | 11.7% | 10.8% | 11.3% |
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.