Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 12.6% | 19% | 25.8% | 25.4% | 16.1% | 17.7% | 15.8% | 20.5% |
| EBITDA margin % | 3% | 3.6% | 7.8% | 8.7% | 3.2% | 5.5% | 2.3% | 6.8% |
| EBIT margin % | 2.1% | 1.8% | 5.8% | 6.9% | 1.9% | 4.5% | 1.4% | 5.8% |
| PAT margin % | 1.2% | 1.6% | 5.3% | 5.8% | 1.6% | 4.2% | 1.5% | 3.5% |
| Working capital | ||||||||
| Receivable days | 44 | 30 | 14 | 18 | 8 | 14 | 22 | 21 |
| Inventory days | 55 | 116 | 84 | 84 | 74 | 91 | 93 | 63 |
| Payable days | 80 | 110 | 10 | 10 | 9 | 7 | 14 | 22 |
| NWC days | 19 | 37 | 88 | 92 | 73 | 99 | 101 | 62 |
| Leverage | ||||||||
| Current ratio | 1.55 | 1.26 | 1.14 | 2.74 | 2.39 | 1.79 | 1.51 | 1.51 |
| Debt to EBITDA | 0.14 | 3.04 | 1.67 | 0.16 | 2 | 4.95 | 13.78 | 1.95 |
| Debt to equity | 0.02 | 0.31 | 0.29 | 0.03 | 0.17 | 0.62 | 0.7 | 0.46 |
| Interest coverage | 6.8 | 5.7 | 17.3 | 32.6 | 5.4 | 5.6 | 2.5 | 4.4 |
| Asset turnover | 2.05 | 1.33 | 1.45 | 1.74 | 1.77 | 1.31 | 1.18 | 1.91 |
| Return ratios | ||||||||
| Return on assets % | 2.5% | 2.1% | 7.6% | 10.1% | 2.9% | 5.5% | 1.8% | 6.7% |
| Return on capital employed % | 10% | 6.7% | 17.3% | 20.2% | 7.4% | 15.2% | 7% | 22% |
| Return on equity % | 4.5% | 4.5% | 11.9% | 13.3% | 4.2% | 9.4% | 3.4% | 12.2% |
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.