Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 96.5% | — | 35.1% | 30.8% | 30.6% | 30% | 32.2% | 33.7% |
| EBITDA margin % | 10.5% | 8.8% | 11.4% | 6.6% | 9.2% | 8.4% | 9.4% | 10.6% |
| EBIT margin % | 7.7% | 4.7% | 9.3% | 4.9% | 7.4% | 6.8% | 7.8% | 8.7% |
| PAT margin % | 4.8% | 2.7% | 6.9% | 2.9% | 4.3% | 4.5% | 5.2% | 6.8% |
| Working capital | ||||||||
| Receivable days | 81 | 73 | 89 | 78 | 72 | 84 | 90 | 89 |
| Inventory days | 1,225 | 68 | 91 | 82 | 76 | 63 | 70 | 85 |
| Payable days | 0 | — | 108 | 84 | 58 | 65 | 64 | 64 |
| NWC days | 1,306 | — | 72 | 76 | 90 | 82 | 96 | 110 |
| Leverage | ||||||||
| Current ratio | — | — | 1.12 | 1.08 | 1.21 | 1.3 | 1.26 | 1.3 |
| Debt to EBITDA | 1.7 | 2.22 | 2.41 | 3.6 | 2.66 | 2.73 | 2.81 | 2.53 |
| Debt to equity | 0.76 | 0.69 | 0.91 | 1 | 1.03 | 0.82 | 0.9 | 0.79 |
| Interest coverage | 4.9 | 2.7 | 6.3 | 3.5 | 4.3 | 3.6 | 4.5 | 5.5 |
| Asset turnover | 1.54 | 1.32 | 1.19 | 1.42 | 1.58 | 1.49 | 1.39 | 1.29 |
| Return ratios | ||||||||
| Return on assets % | 7.4% | 3.5% | 8.3% | 4.2% | 6.8% | 6.8% | 7.2% | 8.8% |
| Return on capital employed % | 21.3% | 10.4% | 22.7% | 21.3% | 28.1% | 26% | 26.9% | 29% |
| Return on equity % | 20.5% | 9.5% | 23% | 12.3% | 18.1% | 16.3% | 17.6% | 20.2% |
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.