Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 30% | 46% | 45.4% | 29% | 30.8% | 35.4% | 33% |
| EBITDA margin % | 8.6% | 29% | 31.6% | 6.7% | 4.3% | 6.5% | 8% |
| EBIT margin % | 6.8% | 27% | 30.4% | 4.7% | 1.9% | 3.5% | 4.7% |
| PAT margin % | 5.8% | 19.7% | 22.8% | 4.3% | 1.9% | 3.3% | 12.7% |
| Working capital | |||||||
| Receivable days | 49 | 62 | 35 | 49 | 43 | 48 | 60 |
| Inventory days | 58 | 47 | 35 | 47 | 55 | 123 | 82 |
| Payable days | 1 | 54 | 38 | 28 | 31 | 62 | 60 |
| NWC days | 106 | 54 | 32 | 68 | 67 | 108 | 82 |
| Leverage | |||||||
| Current ratio | 2.46 | 3.25 | 4.92 | 4.58 | 4.31 | 3.31 | 4.51 |
| Debt to EBITDA | 0.37 | 0.05 | 0.04 | 0.08 | 0.5 | 2.23 | 0.71 |
| Debt to equity | 0.05 | 0.02 | 0.02 | 0.01 | 0.02 | 0.12 | 0.05 |
| Interest coverage | 10.8 | 62.3 | 56.6 | 8.6 | 5.1 | 5.3 | 7.1 |
| Asset turnover | 1.22 | 1.14 | 1.3 | 0.93 | 0.79 | 0.64 | 0.64 |
| Return ratios | |||||||
| Return on assets % | 7.1% | 22.6% | 29.5% | 4% | 1.5% | 2.1% | 8.1% |
| Return on capital employed % | 12.7% | 46.7% | 57.6% | 7.1% | 4.3% | 4.8% | 7.4% |
| Return on equity % | 9.7% | 29.6% | 37% | 4.9% | 1.8% | 2.7% | 10.1% |
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.