Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 22.2% | 21.6% | 23.9% | 24.5% | 11.7% | 19.1% | 18.7% | 17.4% |
| EBITDA margin % | 13.7% | 12.4% | 12.6% | 16.3% | 5.1% | 10.7% | 10.9% | 8.1% |
| EBIT margin % | 11.5% | 9.6% | 8.8% | 13.7% | 3.3% | 8% | 8.2% | 5.4% |
| PAT margin % | 8.6% | 13.1% | 10.7% | 13.3% | 3.8% | 7.4% | 8.8% | 5.3% |
| Working capital | ||||||||
| Receivable days | 21 | 24 | 22 | 29 | 27 | 26 | 24 | 22 |
| Inventory days | 15 | 20 | 25 | 19 | 17 | 20 | 20 | 16 |
| Payable days | 24 | 25 | 37 | 28 | 20 | 22 | 24 | 19 |
| NWC days | 12 | 19 | 10 | 20 | 23 | 24 | 19 | 19 |
| Leverage | ||||||||
| Current ratio | 1.04 | 0.96 | 0.89 | 1.08 | 0.95 | 0.94 | 0.98 | 0.85 |
| Debt to EBITDA | 0.2 | 0.7 | 0.99 | 0.52 | 2.17 | 1.3 | 1.06 | 1.73 |
| Debt to equity | 0.04 | 0.13 | 0.14 | 0.12 | 0.25 | 0.24 | 0.19 | 0.22 |
| Interest coverage | 62.8 | 27.5 | 34.5 | 68.7 | 16.7 | 16.2 | 17.2 | 9.5 |
| Asset turnover | 1.11 | 0.97 | 0.71 | 0.96 | 1.35 | 1.07 | 1.07 | 1.01 |
| Return ratios | ||||||||
| Return on assets % | 9.6% | 12.7% | 7.6% | 12.7% | 5.2% | 7.9% | 9.4% | 5.4% |
| Return on capital employed % | 17.3% | 14.1% | 9.4% | 18.5% | 7.3% | 12.3% | 12% | 8% |
| Return on equity % | 14.2% | 19.3% | 11.6% | 19.2% | 8.6% | 12.9% | 14.7% | 8.5% |
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.