Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 34.1% | 34.9% | 26% | 29% | 30.5% | 29.9% | 32.1% |
| EBITDA margin % | 9.5% | 10.2% | 7.6% | 8.8% | 10.7% | 10.2% | 10.6% |
| EBIT margin % | 6.3% | 7.3% | 5.8% | 6.6% | 8% | 8% | 8.3% |
| PAT margin % | 6.1% | 19.7% | 7.3% | -2.3% | 11.3% | 12.8% | 32.9% |
| Working capital | |||||||
| Receivable days | 45 | 47 | 33 | 32 | 39 | 39 | 33 |
| Inventory days | 198 | 293 | 156 | 182 | 243 | 208 | 252 |
| Payable days | — | 6 | 5 | 4 | 8 | 3 | 16 |
| NWC days | — | 334 | 184 | 211 | 275 | 244 | 269 |
| Leverage | |||||||
| Current ratio | — | 4.18 | 13.65 | 16.75 | 20.55 | 20.52 | 26.73 |
| Debt to EBITDA | 4.24 | 1.91 | 0 | 0.03 | 0 | 0 | 0 |
| Debt to equity | 0.17 | 0.07 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.9 | 9.1 | 17.9 | 338.5 | 410.2 | 396.1 | 1,025.5 |
| Asset turnover | 0.34 | 0.3 | 0.47 | 0.4 | 0.3 | 0.35 | 0.33 |
| Return ratios | |||||||
| Return on assets % | 2.1% | 6% | 3.4% | -0.9% | 3.4% | 4.5% | 10.9% |
| Return on capital employed % | 4.4% | 9.4% | 4.1% | 4.3% | 4.9% | 5.6% | 13.1% |
| Return on equity % | 2.6% | 6.7% | 3.6% | -0.9% | 3.5% | 4.7% | 11.3% |
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.