Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 16.9% | 17% | 15.6% | 15.6% | 14.6% | 13.1% | 13.2% |
| EBITDA margin % | 7.5% | 6.9% | 7.5% | 7.9% | 7.1% | 6.1% | 7% |
| EBIT margin % | 5.2% | 4.3% | 5.4% | 6.2% | 5.6% | 4.7% | 5.8% |
| PAT margin % | 1.4% | -0.1% | 2.1% | 3.1% | 3.2% | 2.9% | 3.8% |
| Working capital | |||||||
| Receivable days | — | 5 | 4 | 6 | 6 | 6 | 9 |
| Inventory days | — | 272 | 232 | 216 | 191 | 162 | 167 |
| Payable days | — | 35 | 26 | 37 | 45 | 39 | 40 |
| NWC days | — | 241 | 210 | 185 | 153 | 129 | 136 |
| Leverage | |||||||
| Current ratio | — | 1.25 | 1.32 | 1.32 | 1.29 | 1.29 | 1.3 |
| Debt to EBITDA | — | 5.42 | 4.09 | 1.49 | 0.81 | 0.63 | 0.21 |
| Debt to equity | — | 1.14 | 1.06 | 0.46 | 0.25 | 0.2 | 0.08 |
| Interest coverage | 1.6 | 1.1 | 1.9 | 3 | 3.4 | 3.7 | 5.3 |
| Asset turnover | — | 0.97 | 1.21 | 1.31 | 1.45 | 1.66 | 1.73 |
| Return ratios | |||||||
| Return on assets % | — | -0.1% | 2.5% | 4% | 4.7% | 4.7% | 6.5% |
| Return on capital employed % | — | 11.9% | 17.1% | 22.4% | 23.2% | 22.8% | 31.5% |
| Return on equity % | — | -0.2% | 7.1% | 11.9% | 14.2% | 14.9% | 21.4% |
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.