Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.5% | 42.2% | 42% | 39.7% | ||||
Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 40.5% | 42.2% | 42% | 39.7% | ||||
| 36.9% |
| 38% |
| 39.2% |
| 35.6% |
| EBITDA margin % | 11.9% | 12.1% | 13.3% | 14.5% | 10.2% | 11.1% | 13.3% | 12.7% |
| EBIT margin % | 8% | 7.8% | 8.3% | 11.1% | 7% | 7.6% | 10% | 9.5% |
| PAT margin % | 0% | 3.2% | 2.6% | 7% | 4.5% | 4.7% | 6.7% | 4.9% |
| Working capital | ||||||||
| Receivable days | — | — | 36 | 39 | 27 | 28 | 30 | 36 |
| Inventory days | — | — | 146 | 138 | 111 | 111 | 123 | 156 |
| Payable days | — | — | 135 | 129 | 93 | 94 | 102 | 127 |
| NWC days | — | — | 47 | 49 | 45 | 45 | 51 | 65 |
| Leverage | ||||||||
| Current ratio | — | — | 1.39 | 1.28 | 1.48 | 1.39 | 1.56 | 1.21 |
| Debt to EBITDA | — | — | 3.76 | 2.23 | 2.57 | 2.28 | 1.95 | 2.77 |
| Debt to equity | — | — | 0.99 | 0.81 | 0.62 | 0.51 | 0.5 | 0.71 |
| Interest coverage | 2.7 | 2.5 | 3.2 | 6 | 4.6 | 4.6 | 7.8 | 8.3 |
| Asset turnover | — | — | 0.7 | 0.87 | 0.99 | 0.93 | 0.9 | 0.79 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.8% | 6.2% | 4.5% | 4.4% | 6% | 3.9% |
| Return on capital employed % | — | — | 8.6% | 15.8% | 10.9% | 10.6% | 14.3% | 13.4% |
| Return on equity % | — | — | 5.2% | 17.6% | 10.7% | 9.6% | 12.9% | 9.8% |
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.