Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 43.4% | 60.9% | 56.4% | 47.6% | 48.9% | 50.3% |
| EBITDA margin % | 9.8% | 15.2% | 8.7% | 5.4% | 4.3% | 7.2% |
| EBIT margin % | 6.8% | 12.8% | 6.7% | 3.3% | 2% | 4.6% |
| PAT margin % | 3.9% | 8.4% | 4.3% | 3.1% | 0.6% | 2.5% |
| Working capital | ||||||
| Receivable days | — | 19 | 27 | 32 | 33 | 32 |
| Inventory days | — | 57 | 47 | 42 | 42 | 58 |
| Payable days | — | 66 | 62 | 70 | 38 | 50 |
| NWC days | — | 10 | 12 | 4 | 38 | 41 |
| Leverage | ||||||
| Current ratio | — | 1.28 | 1.09 | 1.04 | 0.96 | 1.01 |
| Debt to EBITDA | — | 0.53 | 1.12 | 1.88 | 3.43 | 1.99 |
| Debt to equity | — | 0.23 | 0.31 | 0.33 | 0.52 | 0.47 |
| Interest coverage | 3.8 | 11.7 | 11.6 | 4.4 | 1.7 | 3.1 |
| Asset turnover | — | 1.69 | 1.78 | 1.78 | 1.68 | 1.61 |
| Return ratios | ||||||
| Return on assets % | — | 14.2% | 7.7% | 5.4% | 1% | 4% |
| Return on capital employed % | — | 29.2% | 21% | 10.2% | 6.6% | 13.4% |
| Return on equity % | — | 24.1% | 13.8% | 9.9% | 2.2% | 8.3% |
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.