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Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 38.8% | 38.7% | 39.6% | 31.8% | 34.8% | 39.2% | 37% | 36.3% |
| EBITDA margin % | 21.8% | 20.4% | 20.2% | 14.6% | 18.2% | 22.2% | 17.5% | 14.6% |
| EBIT margin % | 19.2% | 17.1% | 14.9% | 11.3% | 15.8% | 20.2% | 15.6% | 12.2% |
| PAT margin % | 6.6% | 4.3% | 5.3% | 9.6% | 13.4% | 17.6% | 14.8% | 15% |
| Working capital | ||||||||
| Receivable days | — | — | 75 | 48 | 41 | 35 | 45 | 44 |
| Inventory days | — | — | 255 | 183 | 148 | 175 | 148 | 140 |
| Payable days | — | — | 194 | 61 | 30 | 32 | 17 | 31 |
| NWC days | — | — | 135 | 170 | 159 | 178 | 176 | 153 |
| Leverage | ||||||||
| Current ratio | — | — | 2.05 | 3.38 | 5.85 | 8.39 | 16.34 | 14.17 |
| Debt to EBITDA | — | — | 1.98 | 1.16 | 0.23 | 0 | 0 | 0.02 |
| Debt to equity | — | — | 0.28 | 0.18 | 0.05 | 0 | 0 | 0 |
| Interest coverage | 16.9 | 7.9 | 7.7 | 11.5 | 25.9 | 145.4 | 368.3 | 371.6 |
| Asset turnover | — | — | 0.43 | 0.78 | 0.98 | 0.82 | 0.75 | 0.6 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.3% | 7.5% | 13.1% | 14.4% | 11.1% | 9.1% |
| Return on capital employed % | — | — | 10% | 13.1% | 20% | 21.5% | 15.7% | 13.6% |
| Return on equity % | — | — | 3.7% | 10.1% | 16.1% | 16.6% | 12.3% | 10.2% |
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.