Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | — | — | — | — |
| EBITDA margin % | 12.1% | -0.7% | 24.8% | 38.5% | 25.4% | 22.4% | 16.7% |
| EBIT margin % | 6% | -7.8% | 21.3% | 36.2% | 22.2% | 19.1% | 12.4% |
| PAT margin % | 13.4% | -2.9% | 14.8% | 34.7% | 25.1% | 24.1% | 36.1% |
| Working capital | |||||||
| Receivable days | — | — | 27 | 20 | 15 | 11 | 10 |
| Inventory days | — | — | 16 | 18 | 21 | 15 | 16 |
| Payable days | — | — | 37 | 34 | 54 | 39 | 43 |
| NWC days | — | — | 6 | 3 | -18 | -13 | -17 |
| Leverage | |||||||
| Current ratio | — | — | 3.92 | 4.09 | 4.73 | 4.71 | 4.14 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.19 | 0.7 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.02 | 0.04 |
| Interest coverage | 139.5 | 25 | 346.2 | 728.2 | 280 | 411.9 | 105.5 |
| Asset turnover | — | — | 0.46 | 0.51 | 0.33 | 0.37 | 0.3 |
| Return ratios | |||||||
| Return on assets % | — | — | 6.9% | 17.6% | 8.4% | 8.8% | 10.6% |
| Return on capital employed % | — | — | 13.5% | 27.9% | 12.3% | 12.8% | 9.8% |
| Return on equity % | — | — | 8.4% | 21% | 10.1% | 10.7% | 13.5% |
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.