Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 29.7% | 31.6% | 49.6% | 43.5% | 55% | 57.5% | 50.3% | 58.2% |
| EBIT margin % | 7.9% | 11.5% | 28.6% | 23.6% | 42.4% | 43.7% | 35% | 41.8% |
| PAT margin % | -0.6% | 5.6% | 27.5% | 18% | 45.3% | 49.7% | 44% | 54.4% |
| Working capital | ||||||||
| Receivable days | 31 | — | 30 | 33 | 37 | 45 | 33 | 43 |
| Inventory days | 32 | — | 45 | 41 | 29 | 40 | 35 | 46 |
| Payable days | 47 | — | 68 | 65 | 49 | 75 | 40 | 58 |
| NWC days | 16 | — | 7 | 9 | 17 | 11 | 28 | 31 |
| Leverage | ||||||||
| Current ratio | 2.03 | — | 3.55 | 3.4 | 4.52 | 5.4 | 6.46 | 7.08 |
| Debt to EBITDA | 4.6 | — | 3.03 | 3.03 | 1.16 | 1 | 0.81 | 0.33 |
| Debt to equity | 0.71 | — | 0.65 | 0.57 | 0.35 | 0.24 | 0.15 | 0.06 |
| Interest coverage | 1.1 | 1.5 | 4.9 | 2.7 | 8.5 | 11.2 | 11.4 | 23.2 |
| Asset turnover | 0.25 | — | 0.24 | 0.25 | 0.37 | 0.31 | 0.3 | 0.28 |
| Return ratios | ||||||||
| Return on assets % | -0.1% | — | 6.5% | 4.5% | 16.9% | 15.6% | 13.3% | 15.1% |
| Return on capital employed % | 4.6% | — | 9.3% | 7.8% | 22% | 20.4% | 17.1% | 18.4% |
| Return on equity % | -0.3% | — | 11.9% | 7.8% | 25.1% | 21.1% | 16.4% | 17.3% |
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.