Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 91.7% | 41.7% | 48.1% | 61.5% | 52.6% | 47.7% | 44.2% | 51.1% |
| EBITDA margin % | 16.2% | 12.7% | 18.1% | 35.7% | 20.3% | 6.6% | 9.8% | 11.9% |
| EBIT margin % | 15.4% | 11.8% | 17.1% | 35.1% | 19.6% | 5.4% | 8.5% | 10.9% |
| PAT margin % | 12.8% | 12.1% | 14.2% | 27.3% | 17.3% | 20.2% | 34.9% | 20.3% |
| Working capital | ||||||||
| Receivable days | 47 | 56 | 98 | 84 | 54 | 82 | 29 | 22 |
| Inventory days | 574 | 95 | 151 | 214 | 81 | 141 | 393 | 428 |
| Payable days | — | — | 80 | 63 | 40 | 35 | 48 | 30 |
| NWC days | — | — | 170 | 236 | 94 | 188 | 374 | 420 |
| Leverage | ||||||||
| Current ratio | 3.34 | 6.72 | 4.88 | 6.07 | 9.48 | 12.06 | 3.97 | 6.24 |
| Debt to EBITDA | 0.01 | 0.03 | 0.15 | 0 | 0.03 | 0.24 | 3.32 | 0.91 |
| Debt to equity | 0 | 0.01 | 0.03 | 0 | 0.01 | 0.01 | 0.16 | 0.06 |
| Interest coverage | 56.3 | 76.3 | 250.5 | 950.4 | 330.8 | 276.8 | 40.4 | 14.7 |
| Asset turnover | 1.31 | 1.21 | 0.85 | 1.09 | 0.92 | 0.5 | 0.37 | 0.44 |
| Return ratios | ||||||||
| Return on assets % | 16.8% | 14.6% | 12.1% | 29.7% | 15.9% | 10.1% | 13% | 9% |
| Return on capital employed % | 32.5% | 22.8% | 20.8% | 55.3% | 28.5% | 14.9% | 24.2% | 15.5% |
| Return on equity % | 22.9% | 17.2% | 15.1% | 35.2% | 17.8% | 11.1% | 16.8% | 10.6% |
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.