Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 60.5% | 61.7% | 72.7% | 70.2% | 44.9% | 54% | 51% | 49.3% |
| EBITDA margin % | 2.6% | 1.3% | 3.3% | 3.3% | 4.7% | -0.8% | 2.4% | 5.2% |
| EBIT margin % | 1.5% | 0.4% | 2.4% | 2.6% | 3.5% | -2.3% | 1.1% | 3.4% |
| PAT margin % | 1.8% | 1.2% | 2.7% | 2.6% | 3.1% | -0.6% | 1.5% | 3% |
| Working capital | ||||||||
| Receivable days | 12 | 13 | 23 | 11 | 12 | 21 | 22 | 18 |
| Inventory days | 34 | 44 | 52 | 35 | 42 | 69 | 52 | 61 |
| Payable days | 19 | 17 | 35 | 19 | 12 | 26 | 15 | 20 |
| NWC days | 27 | 39 | 40 | 27 | 43 | 65 | 59 | 59 |
| Leverage | ||||||||
| Current ratio | 3.81 | 5.29 | 4.79 | 6.26 | 7.55 | 5.87 | 5.24 | 4.33 |
| Debt to EBITDA | 0.05 | 0.02 | 0.31 | 0.29 | 0.26 | — | 0.14 | 0.74 |
| Debt to equity | 0.01 | 0 | 0.04 | 0.04 | 0.03 | 0.02 | 0.01 | 0.11 |
| Interest coverage | 13.1 | 9.9 | 337.4 | 112 | 34.6 | -8.3 | 37.8 | 18.6 |
| Asset turnover | 3.8 | 4.31 | 3.21 | 3.86 | 2.49 | 2.17 | 2.14 | 2.19 |
| Return ratios | ||||||||
| Return on assets % | 6.8% | 5% | 8.8% | 9.9% | 7.8% | -1.3% | 3.1% | 6.5% |
| Return on capital employed % | 10.1% | 4.8% | 13.6% | 15% | 12.6% | -2.3% | 6.1% | 12.2% |
| Return on equity % | 8.5% | 5.8% | 10.4% | 11.7% | 9% | -1.5% | 3.7% | 8.4% |
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.