Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 5.2% | 4.2% | 4.7% | 5.3% | 4.1% | 4.8% | 4.9% |
| EBITDA margin % | 2.1% | 1.7% | 2.2% | 2.6% | 2.1% | 2.7% | 2.8% |
| EBIT margin % | 1.7% | 1.3% | 1.9% | 2.4% | 1.9% | 2.4% | 2.6% |
| PAT margin % | 0.3% | 0.5% | 1.2% | 1.2% | 1% | 1.3% | 1.5% |
| Working capital | |||||||
| Receivable days | 25 | 24 | 7 | 14 | 10 | 10 | 9 |
| Inventory days | 32 | 17 | 27 | 23 | 36 | 37 | 37 |
| Payable days | 58 | 44 | 32 | 33 | 46 | 46 | 42 |
| NWC days | -1 | -3 | 2 | 4 | 0 | 1 | 4 |
| Leverage | |||||||
| Current ratio | 1.09 | 1.12 | 1.22 | 1.31 | 1.16 | 1.17 | 1.23 |
| Debt to EBITDA | 2.01 | 1.3 | 1.28 | 1.66 | 1.99 | 1 | 0.84 |
| Debt to equity | 0.8 | 0.53 | 0.61 | 0.72 | 0.75 | 0.51 | 0.4 |
| Interest coverage | 1.3 | 2.1 | 3.8 | 2.8 | 2.5 | 2.8 | 3.8 |
| Asset turnover | 3.83 | 5.4 | 6.05 | 5.06 | 4.32 | 4.79 | 4.89 |
| Return ratios | |||||||
| Return on assets % | 1.3% | 2.9% | 7.2% | 6.2% | 4.2% | 6% | 7.5% |
| Return on capital employed % | 31.1% | 34.3% | 43.7% | 35.1% | 28.5% | 39.9% | 40.8% |
| Return on equity % | 6.4% | 12.9% | 26.1% | 20.4% | 17.3% | 23.7% | 26% |
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.