Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 26% | 24.8% | 26.4% | 23.1% | 25.5% | 32% | 31.5% |
| EBITDA margin % | 11.4% | 10.7% | 11.3% | 6.8% | 8.3% | 11.1% | 10.6% |
| EBIT margin % | 9.7% | 9% | 9.5% | 5.3% | 6.8% | 9.6% | 9% |
| PAT margin % | 6.4% | 6.6% | 7.1% | 3.5% | 5.2% | 7.1% | 6.5% |
| Working capital | |||||||
| Receivable days | — | 65 | 70 | 60 | 55 | 70 | 83 |
| Inventory days | — | 226 | 208 | 227 | 201 | 238 | 194 |
| Payable days | — | 124 | 107 | 118 | 104 | 136 | 109 |
| NWC days | — | 168 | 171 | 169 | 152 | 172 | 168 |
| Leverage | |||||||
| Current ratio | — | 1.86 | 1.97 | 1.62 | 1.9 | 1.83 | 1.96 |
| Debt to EBITDA | — | 0.63 | 0.29 | 1.31 | 0.51 | 0.45 | 0.64 |
| Debt to equity | — | 0.12 | 0.06 | 0.17 | 0.08 | 0.09 | 0.12 |
| Interest coverage | 5.6 | 20.4 | 22.3 | 7.2 | 13.1 | 29 | 12 |
| Asset turnover | — | 1 | 1.08 | 1.06 | 1.15 | 1.05 | 1.07 |
| Return ratios | |||||||
| Return on assets % | — | 6.6% | 7.7% | 3.7% | 6% | 7.5% | 7% |
| Return on capital employed % | — | 16.1% | 17.1% | 10.6% | 14.3% | 18.3% | 17.1% |
| Return on equity % | — | 11.4% | 12.4% | 6.9% | 10.1% | 13.1% | 11.4% |
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.