Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 38.6% | 36.7% | 35.7% | 34% | 38.5% | 37.7% | 34.2% |
| EBITDA margin % | 12.6% | 11.3% | 11.2% | 10.8% | 12.3% | 14.4% | 9.6% |
| EBIT margin % | 9.4% | 7.6% | 8.4% | 8.4% | 7.9% | 10.6% | 5.2% |
| PAT margin % | 7.2% | 5.8% | 6.1% | 5.9% | 3.6% | 7% | 2.6% |
| Working capital | |||||||
| Receivable days | — | 51 | 42 | 36 | 45 | 43 | 49 |
| Inventory days | — | 132 | 109 | 131 | 159 | 142 | 111 |
| Payable days | — | 27 | 36 | 34 | 39 | 32 | 33 |
| NWC days | — | 157 | 115 | 132 | 165 | 153 | 127 |
| Leverage | |||||||
| Current ratio | — | 2.32 | 1.88 | 1.58 | 4.64 | 2.52 | 2.62 |
| Debt to EBITDA | — | 1.5 | 3.14 | 3.96 | 2.89 | 2.64 | 3.5 |
| Debt to equity | — | 0.25 | 0.62 | 0.79 | 0.38 | 0.48 | 0.39 |
| Interest coverage | 11.7 | 7.6 | 9.5 | 6.6 | 2.3 | 4.6 | 2.3 |
| Asset turnover | — | 1.01 | 0.93 | 0.89 | 0.69 | 0.76 | 0.74 |
| Return ratios | |||||||
| Return on assets % | — | 5.8% | 5.7% | 5.3% | 2.5% | 5.3% | 1.9% |
| Return on capital employed % | — | 11.5% | 12.9% | 12.2% | 8.4% | 11.3% | 5.7% |
| Return on equity % | — | 8.4% | 10.8% | 10.9% | 3.9% | 9% | 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.