Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 23.5% | 24.4% | 20.8% | 20.9% | 22.2% | 22.3% | 25.9% |
| EBITDA margin % | 8.5% | 9.1% | 7.2% | 7.4% | 7.3% | 7.2% | 11.1% |
| EBIT margin % | 4.7% | 4.7% | 3.6% | 4% | 3.6% | 3.5% | 7.4% |
| PAT margin % | 1.7% | 1.8% | 1.4% | 1.6% | 1.4% | 1.4% | 5.5% |
| Working capital | |||||||
| Receivable days | — | 15 | 16 | 13 | 20 | 14 | 17 |
| Inventory days | — | 49 | 47 | 40 | 55 | 51 | 52 |
| Payable days | — | 66 | 60 | 51 | 68 | 65 | 57 |
| NWC days | — | -2 | 3 | 2 | 7 | 0 | 12 |
| Leverage | |||||||
| Current ratio | — | 0.5 | 0.59 | 0.67 | 0.63 | 0.61 | 0.85 |
| Debt to EBITDA | — | 2.71 | 2.53 | 1.91 | 1.97 | 2.7 | 1.55 |
| Debt to equity | — | 0.82 | 0.8 | 0.65 | 0.61 | 0.79 | 0.63 |
| Interest coverage | 2.1 | 2.3 | 2.3 | 2.6 | 2.2 | 2.3 | 4.4 |
| Asset turnover | — | 1.22 | 1.57 | 1.8 | 1.47 | 1.37 | 1.39 |
| Return ratios | |||||||
| Return on assets % | — | 2.1% | 2.1% | 2.9% | 2.1% | 2% | 7.6% |
| Return on capital employed % | — | 9.4% | 9.5% | 12.2% | 10.5% | 8.6% | 16.5% |
| Return on equity % | — | 5.8% | 5.9% | 7.5% | 6% | 5.8% | 20.1% |
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.