Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 32.7% | 36.1% | 41.2% | 38.9% | 36.5% | 36.1% | 31.8% |
| EBITDA margin % | 4.1% | 7.5% | 14.5% | 14% | 5.6% | 6.6% | 7.2% |
| EBIT margin % | 1.9% | 5.2% | 12.6% | 12.4% | 3.6% | 4.6% | 5.4% |
| PAT margin % | 1.4% | 5.9% | 9.9% | 11.1% | 6.1% | 6.2% | 6.2% |
| Working capital | |||||||
| Receivable days | — | — | — | 16 | 20 | 62 | 71 |
| Inventory days | 96 | 75 | 95 | 70 | 82 | 89 | 92 |
| Payable days | 30 | 40 | — | 34 | 50 | 40 | 34 |
| NWC days | — | — | — | 52 | 52 | 110 | 129 |
| Leverage | |||||||
| Current ratio | 1.89 | 3.4 | 3.39 | 4.97 | 4.37 | 4.34 | 4.83 |
| Debt to EBITDA | 4.75 | 0.06 | 0 | 0 | 0 | 0 | 0.03 |
| Debt to equity | 0.22 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.2 | 13.4 | 135.5 | 103.4 | 63.1 | 74.8 | 59.8 |
| Asset turnover | 0.77 | 0.68 | 0.64 | 0.82 | 0.61 | 0.66 | 0.76 |
| Return ratios | |||||||
| Return on assets % | 1.1% | 4% | 6.4% | 9.1% | 3.7% | 4.1% | 4.7% |
| Return on capital employed % | 3.3% | 6.5% | 11.6% | 12.1% | 5.3% | 5.6% | 6.6% |
| Return on equity % | 1.6% | 4.9% | 7.6% | 10.5% | 4.4% | 4.9% | 5.5% |
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.