Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | 33.9% | 34.3% | 36% | 39.9% | 40.1% | 41.3% |
| EBITDA margin % | — | 25.2% | 23% | 21.8% | 25.9% | 28.9% | 29.5% |
| EBIT margin % | — | 23.8% | 22.2% | 20.8% | 24% | 27% | 27.4% |
| PAT margin % | 6% | 0.9% | 13.1% | 5.2% | 15.1% | 20.1% | 20.6% |
| Working capital | |||||||
| Receivable days | — | — | 26 | 28 | 28 | 21 | 32 |
| Inventory days | — | — | 1,647 | 1,813 | 2,000 | 1,614 | 1,500 |
| Payable days | — | — | 83 | 118 | 149 | 130 | 127 |
| NWC days | — | — | 1,589 | 1,723 | 1,880 | 1,504 | 1,405 |
| Leverage | |||||||
| Current ratio | — | — | 1.47 | 1.5 | 1.62 | 1.69 | 1.75 |
| Debt to EBITDA | — | — | 5.43 | 4.38 | 2.87 | 1.78 | 2.01 |
| Debt to equity | — | — | 0.95 | 0.71 | 0.44 | 0.35 | 0.42 |
| Interest coverage | 0.2 | 1.4 | 3.5 | 4.4 | 5.5 | 7.5 | 7.6 |
| Asset turnover | — | — | 0.24 | 0.24 | 0.22 | 0.28 | 0.28 |
| Return ratios | |||||||
| Return on assets % | — | — | 3.1% | 1.2% | 3.3% | 5.6% | 5.8% |
| Return on capital employed % | — | — | 15.5% | 13.8% | 15% | 19.6% | 20.1% |
| Return on equity % | — | — | 10% | 3.9% | 8.9% | 13.7% | 14.7% |
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.