Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 55.8% | 35.4% | 32.2% | 31.3% | 32% | 32.7% | 32.2% |
| EBITDA margin % | 10% | 13.2% | 11% | 10.5% | 10.8% | 10.4% | 10.4% |
| EBIT margin % | 7.1% | 9.3% | 7.5% | 7.2% | 7.5% | 7.1% | 7.1% |
| PAT margin % | 5.3% | 7.8% | 34.1% | 5.5% | 5.3% | 4.6% | 4.8% |
| Working capital | |||||||
| Receivable days | 27 | 38 | 31 | 30 | 30 | 36 | 32 |
| Inventory days | 138 | 144 | 120 | 121 | 124 | 144 | 120 |
| Payable days | 92 | 130 | 78 | 65 | 87 | 105 | 110 |
| NWC days | 73 | 52 | 74 | 85 | 67 | 74 | 42 |
| Leverage | |||||||
| Current ratio | 1.66 | 1.3 | 1.82 | 1.9 | 1.41 | 1.23 | 1.23 |
| Debt to EBITDA | 0.05 | 0.1 | 0.15 | 0.18 | 0.38 | 0.87 | 0.58 |
| Debt to equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.05 | 0.11 | 0.08 |
| Interest coverage | 11.3 | 31.6 | 16.8 | 16.4 | 11.6 | 8.7 | 11.2 |
| Asset turnover | 0.59 | 0.36 | 0.92 | 1.02 | 0.92 | 0.81 | 0.85 |
| Return ratios | |||||||
| Return on assets % | 3.1% | 2.8% | 31.3% | 5.6% | 4.9% | 3.7% | 4.1% |
| Return on capital employed % | 5.2% | 4.6% | 5.8% | 10.6% | 10.6% | 9.1% | 8.9% |
| Return on equity % | 11.8% | 11% | 41.2% | 7.4% | 6.9% | 5.8% | 6.2% |
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.