Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 48.3% | 45.9% | 43.5% | 45.9% | 48.2% | 49.6% | 47.7% |
| EBITDA margin % | 104.3% | 17.1% | 16.8% | 11.5% | 10.2% | 12.4% | 12.9% |
| EBIT margin % | 101% | 13.9% | 14.3% | 8.9% | 6.9% | 8.7% | 8.9% |
| PAT margin % | -0% | 8% | 9.6% | 6.4% | 4.4% | 6% | 6.3% |
| Working capital | |||||||
| Receivable days | — | 251 | 43 | 39 | 50 | 53 | 65 |
| Inventory days | — | 601 | 119 | 146 | 160 | 163 | 140 |
| Payable days | — | 685 | 104 | 113 | 131 | 141 | 150 |
| NWC days | — | 167 | 58 | 72 | 80 | 75 | 55 |
| Leverage | |||||||
| Current ratio | — | 1.59 | 1.68 | 1.54 | 1.38 | 1.32 | 1.29 |
| Debt to EBITDA | — | 4.66 | 0.27 | 0.73 | 1.74 | 1.47 | 1.4 |
| Debt to equity | — | 0.28 | 0.09 | 0.15 | 0.27 | 0.26 | 0.25 |
| Interest coverage | 94.7 | 13.3 | 23.9 | 21.2 | 6.1 | 7.2 | 8.8 |
| Asset turnover | — | 0.2 | 1.3 | 1.12 | 0.87 | 0.83 | 0.8 |
| Return ratios | |||||||
| Return on assets % | — | 1.6% | 12.6% | 7.2% | 3.9% | 5% | 5.1% |
| Return on capital employed % | — | 3.9% | 28.3% | 15.7% | 9.8% | 11.3% | 11.5% |
| Return on equity % | — | 2.8% | 19.6% | 11.5% | 6.7% | 8.6% | 8.9% |
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.