Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 39.9% | 48.8% | 40.1% | 42.8% | 45.4% | 43.5% | 43.8% |
| EBITDA margin % | 12.5% | 22.2% | 17.4% | 13.3% | 14.8% | 11.6% | 12.3% |
| EBIT margin % | 9.2% | 18.3% | 14.8% | 10.6% | 11% | 7.7% | 8.4% |
| PAT margin % | — | 15.2% | 8.4% | 7.1% | 5.7% | 4.7% | 7.3% |
| Working capital | |||||||
| Receivable days | — | 64 | 78 | — | — | — | — |
| Inventory days | — | 99 | 160 | 112 | 108 | 110 | 101 |
| Payable days | — | 128 | 173 | — | — | — | — |
| NWC days | — | 35 | 65 | — | — | — | — |
| Leverage | |||||||
| Current ratio | — | 0.92 | 0.91 | — | — | — | — |
| Debt to EBITDA | 1.38 | 0.64 | 1.83 | 1.14 | 1.32 | 1.67 | 1.31 |
| Debt to equity | — | 0.17 | 0.52 | 0.32 | 0.26 | 0.16 | 0.18 |
| Interest coverage | 11.7 | 15.1 | 19.3 | 7.8 | 6.1 | 4 | 5.2 |
| Asset turnover | — | 0.64 | 0.56 | 0.86 | 0.65 | 0.57 | 0.59 |
| Return ratios | |||||||
| Return on assets % | — | 9.7% | 4.7% | 6.1% | 3.7% | 2.6% | 4.3% |
| Return on capital employed % | — | 17.1% | 17.8% | — | — | — | — |
| Return on equity % | — | 17.8% | 13.6% | 15% | 7.4% | 3.8% | 8.1% |
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.