Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30.4% | 30.3% | 28.4% | 29.6% | 29.1% | 32.3% | 32.2% |
| EBITDA margin % | 11.8% | 10.3% | 10.8% | 10.3% | 11.7% | 12.4% | 11.6% |
| EBIT margin % | 8% | 6.5% | 7.9% | 6.9% | 8.2% | 9.2% | 8.7% |
| PAT margin % | 3.6% | 2.5% | 4.9% | 3.2% | 3.9% | 3.9% | 3.9% |
| Working capital | |||||||
| Receivable days | 93 | 91 | 66 | 44 | 49 | 67 | 131 |
| Inventory days | 80 | 96 | 66 | 57 | 76 | 60 | 46 |
| Payable days | 106 | 154 | 90 | 59 | 113 | 115 | 140 |
| NWC days | 66 | 33 | 43 | 43 | 12 | 12 | 37 |
| Leverage | |||||||
| Current ratio | 0.96 | 0.82 | 0.98 | 0.9 | 0.93 | 1.07 | 1.1 |
| Debt to EBITDA | 2.37 | 3.48 | 4 | 4.21 | 3.6 | 3.85 | 4.26 |
| Debt to equity | 0.78 | 0.95 | 1.53 | 1.63 | 1.8 | 1.93 | 1.95 |
| Interest coverage | 2.7 | 2.5 | 3.6 | 2.3 | 2.2 | 2.3 | 2.1 |
| Asset turnover | 0.97 | 0.8 | 0.99 | 1.09 | 1.03 | 0.94 | 0.83 |
| Return ratios | |||||||
| Return on assets % | 3.4% | 2% | 4.8% | 3.5% | 4% | 3.7% | 3.2% |
| Return on capital employed % | 17% | 13.4% | 21% | 17.8% | 22.5% | 23.2% | 24.1% |
| Return on equity % | 9.8% | 6.6% | 17.4% | 12.2% | 16.6% | 15.9% | 15.5% |
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.