Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 78.6% | 85.7% | 76.5% | 75.5% | 68.5% | 65.2% | 65.9% |
| EBITDA margin % | 6.6% | -24.9% | -0.4% | 16.3% | 19.1% | 15% | 17.2% |
| EBIT margin % | 4.4% | -28.8% | -2.7% | 14.8% | 17.8% | 13.8% | 15.8% |
| PAT margin % | 6.1% | -19.5% | 2.3% | 12.8% | 13.2% | 14.2% | 15.5% |
| Working capital | |||||||
| Receivable days | 104 | 137 | 89 | 62 | 52 | 77 | 76 |
| Inventory days | 49 | 158 | 54 | 33 | 28 | 34 | 36 |
| Payable days | — | 664 | 332 | 300 | 192 | 228 | 159 |
| NWC days | — | -370 | -189 | -205 | -112 | -117 | -47 |
| Leverage | |||||||
| Current ratio | 2.24 | 1.96 | 1.87 | 1.52 | 1.45 | 1.77 | 1.93 |
| Debt to EBITDA | 0.04 | — | — | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 36.2 | -30.1 | 6.1 | 96 | 34.4 | 99.8 | 64.9 |
| Asset turnover | 0.55 | 0.31 | 0.5 | 0.5 | 0.5 | 0.76 | 0.7 |
| Return ratios | |||||||
| Return on assets % | 3.4% | -6.1% | 1.2% | 6.3% | 6.6% | 10.8% | 10.8% |
| Return on capital employed % | 9.3% | -9.4% | 1.9% | 23.7% | 28.1% | 25.5% | 28.5% |
| Return on equity % | 6.5% | -12.3% | 2.4% | 17.3% | 18.1% | 22.2% | 19.5% |
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.