Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 53.2% | 50.7% | 48.5% | 42.1% | 39.1% | 48.2% | 45% |
| EBITDA margin % | 18.4% | 16.1% | 19.6% | 11.6% | 2.8% | 12.2% | 10% |
| EBIT margin % | 15.2% | 12.5% | 17% | 8.7% | -1% | 8.7% | 6.7% |
| PAT margin % | 13.7% | 9.5% | 13.7% | 7.3% | 2.1% | 8.7% | 6.9% |
| Working capital | |||||||
| Receivable days | 78 | 84 | 62 | 52 | 82 | 81 | 87 |
| Inventory days | 86 | 68 | 99 | 76 | 77 | 68 | 78 |
| Payable days | 7 | 11 | 9 | 62 | 134 | 99 | 91 |
| NWC days | 157 | 141 | 152 | 67 | 24 | 50 | 74 |
| Leverage | |||||||
| Current ratio | 1.89 | 2.09 | 2.36 | 3.79 | 2.7 | 3.19 | 2.49 |
| Debt to EBITDA | 0.16 | 0.05 | 0.02 | 0.01 | 0 | 0 | 0 |
| Debt to equity | 0.03 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 45.9 | 47.2 | 111 | 49.7 | 13 | 48.8 | 40.6 |
| Asset turnover | 0.75 | 0.67 | 0.79 | 0.73 | 0.46 | 0.51 | 0.52 |
| Return ratios | |||||||
| Return on assets % | 10.2% | 6.4% | 10.8% | 5.4% | 0.9% | 4.4% | 3.6% |
| Return on capital employed % | 14.9% | 11.8% | 19.3% | 8.1% | 1.7% | 6.9% | 5.5% |
| Return on equity % | 13.7% | 8.3% | 14% | 6.4% | 1.2% | 5.4% | 4.4% |
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.