Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 40.4% | 43.5% | 40.6% | 37.4% | 42% | 43.1% | 43.8% |
| EBITDA margin % | 13.1% | 11.7% | 10.5% | 9.3% | 15.9% | 16.5% | 12.4% |
| EBIT margin % | 9.5% | 7.4% | 7% | 6.7% | 13.1% | 13.6% | 8.9% |
| PAT margin % | 4% | 3.1% | 2.8% | 2.5% | 7.6% | 7% | 5.2% |
| Working capital | |||||||
| Receivable days | — | 7,274 | 50 | 73 | 60 | 62 | 63 |
| Inventory days | — | 17,672 | 173 | 134 | 147 | 152 | 191 |
| Payable days | — | 11,727 | 71 | 98 | 89 | 78 | 95 |
| NWC days | — | 13,219 | 152 | 109 | 119 | 136 | 159 |
| Leverage | |||||||
| Current ratio | — | 1.06 | 1.02 | 1.11 | 1.24 | 1.45 | 1.61 |
| Debt to EBITDA | — | 371.43 | 3.92 | 2.96 | 1.73 | 1.42 | 2.12 |
| Debt to equity | — | 0.66 | 0.75 | 0.62 | 0.57 | 0.43 | 0.37 |
| Interest coverage | 2 | 2 | 2.4 | 2.2 | 4.1 | 4.7 | 2.7 |
| Asset turnover | 1.52 | 0.01 | 0.79 | 0.98 | 1 | 1 | 0.83 |
| Return ratios | |||||||
| Return on assets % | 6% | 0% | 2.2% | 2.4% | 7.6% | 7% | 4.3% |
| Return on capital employed % | — | 0.1% | 11% | 13.8% | 25.5% | 22.2% | 11.4% |
| Return on equity % | — | 0% | 5.1% | 5.6% | 15.8% | 12.8% | 7.4% |
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.