Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 91% | 91.7% | 90.9% | 91.6% | 91.9% | 92.3% | 90.7% | 90.2% |
| EBITDA margin % | 18.4% | 21.7% | -23% | 13.2% | 31.1% | 31.9% | 33.2% | 33% |
| EBIT margin % | 11.1% | 12.6% | -49% | -0% | 23.9% | 25.2% | 27% | 26.7% |
| PAT margin % | 6.6% | 8.2% | -50.5% | -8.7% | 18.1% | 19.7% | 24.5% | 23.2% |
| Working capital | ||||||||
| Receivable days | 26 | 24 | 51 | 30 | 28 | 26 | 29 | 27 |
| Inventory days | 73 | 92 | 236 | 143 | 84 | 82 | 64 | 57 |
| Payable days | 294 | 383 | 807 | 550 | 368 | 364 | 273 | 276 |
| NWC days | -195 | -268 | -520 | -376 | -256 | -257 | -180 | -191 |
| Leverage | ||||||||
| Current ratio | 0.55 | 0.76 | 0.39 | 1.36 | 1.22 | 1.54 | 2.09 | 2.49 |
| Debt to EBITDA | 2.08 | 2.37 | — | 4.9 | 0.45 | 0.12 | 0.08 | 0.02 |
| Debt to equity | 0.4 | 0.53 | 1 | 0.28 | 0.1 | 0.03 | 0.02 | 0 |
| Interest coverage | 3.1 | 2 | -1.5 | 0.4 | 6.5 | 8.6 | 11.9 | 13 |
| Asset turnover | 0.47 | 0.39 | 0.14 | 0.23 | 0.43 | 0.46 | 0.47 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | 3.1% | 3.2% | -6.9% | -2% | 7.7% | 9% | 11.5% | 11.1% |
| Return on capital employed % | 7.6% | 8.1% | -6.7% | 1.6% | 13.5% | 15.5% | 17.4% | 17% |
| Return on equity % | 6.8% | 8.3% | -21.8% | -3.8% | 13.2% | 14.1% | 18.3% | 17.2% |
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.