Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 69.3% | 68.1% | 67.3% | 63.2% | 62.5% | 69.1% | 71.7% |
| EBITDA margin % | — | 25.4% | 24.1% | 22.2% | 22.6% | 23.7% | 34.2% | 26.4% |
| EBIT margin % | — | 15% | 17.5% | 17.6% | 18.1% | 20.1% | 27.6% | 24.2% |
| PAT margin % | 5.3% | 10.9% | 13.2% | 10.2% | 10.8% | 17% | 21.1% | 16.2% |
| Working capital | ||||||||
| Receivable days | — | — | 42 | 61 | 56 | 56 | 71 | 109 |
| Inventory days | — | — | 58 | 70 | 57 | 49 | 40 | 63 |
| Payable days | — | — | 99 | 95 | 95 | 62 | 76 | 135 |
| NWC days | — | — | 1 | 36 | 18 | 42 | 34 | 38 |
| Leverage | ||||||||
| Current ratio | — | — | 1.05 | 1.51 | 2.02 | 2.26 | 4.08 | 4.68 |
| Debt to EBITDA | — | — | 1.09 | 1.82 | 0.7 | 1.2 | 1.14 | 3.43 |
| Debt to equity | — | — | 0.39 | 0.63 | 0.23 | 0.35 | 0.41 | 0.49 |
| Interest coverage | -0.6 | 3.9 | 4.2 | 4.6 | 5.1 | 9.8 | 7.8 | 3.4 |
| Asset turnover | — | — | 0.72 | 0.68 | 0.94 | 0.76 | 0.67 | 0.33 |
| Return ratios | ||||||||
| Return on assets % | — | — | 9.6% | 7% | 10.1% | 13% | 14% | 5.4% |
| Return on capital employed % | — | — | 20.4% | 20.1% | 21.2% | 26% | 29.4% | 10.5% |
| Return on equity % | — | — | 19.5% | 15.7% | 15.8% | 21.2% | 22.1% | 8.8% |
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.