Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 21.2% | 25.8% | 31% | 27.8% | 27.3% | 26.9% | 25.8% |
| EBITDA margin % | 7.4% | 11.3% | 14.7% | 9.7% | 9% | 8.7% | 8.1% |
| EBIT margin % | 4.7% | 9.1% | 12.6% | 7.7% | 6.5% | 6% | 5.7% |
| PAT margin % | 3.8% | 7.2% | 10.2% | 6.7% | 7% | 5.4% | 5.3% |
| Working capital | |||||||
| Receivable days | — | — | 18 | 21 | 24 | 28 | 28 |
| Inventory days | — | — | 75 | 68 | 80 | 78 | 69 |
| Payable days | — | — | 21 | 15 | 18 | 17 | 13 |
| NWC days | — | — | 72 | 74 | 86 | 89 | 84 |
| Leverage | |||||||
| Current ratio | — | — | 2.91 | 3.88 | 4.28 | 4.23 | 3.18 |
| Debt to EBITDA | — | — | 0.39 | 0.46 | 0.44 | 0.54 | 0.93 |
| Debt to equity | — | — | 0.13 | 0.09 | 0.07 | 0.07 | 0.13 |
| Interest coverage | 20.4 | 79.4 | 113.4 | 34.3 | 25.4 | 21.4 | 15.8 |
| Asset turnover | — | — | 1.7 | 1.66 | 1.49 | 1.29 | 1.38 |
| Return ratios | |||||||
| Return on assets % | — | — | 17.3% | 11.2% | 10.4% | 6.9% | 7.3% |
| Return on capital employed % | — | — | 29.4% | 19.3% | 17.3% | 11.9% | 13.2% |
| Return on equity % | — | — | 22.4% | 13.6% | 12.5% | 8.3% | 9.2% |
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.