Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 35.4% | 34.7% | 34.3% | 32.2% | 32.6% | 37.2% | 36% | 37.8% |
| EBITDA margin % | 8.8% | 8% | 10% | 8.8% | 5.6% | 9.4% | 9.6% | 7% |
| EBIT margin % | 3.6% | 3.7% | 7.4% | 7% | 3.6% | 7.4% | 8% | 4.9% |
| PAT margin % | 3.8% | 3.9% | 8.2% | 6.6% | 2.7% | 5.7% | 6.5% | 5.3% |
| Working capital | ||||||||
| Receivable days | — | — | 56 | 59 | 68 | 70 | 65 | 67 |
| Inventory days | — | — | 82 | 96 | 87 | 85 | 94 | 88 |
| Payable days | — | — | 98 | 90 | 87 | 101 | 114 | 103 |
| NWC days | — | — | 40 | 65 | 69 | 54 | 45 | 53 |
| Leverage | ||||||||
| Current ratio | — | — | 1.3 | 1.61 | 2.35 | 2.21 | 2.32 | 2.37 |
| Debt to EBITDA | — | — | 0.14 | 0.14 | 0.32 | 0.18 | 0.46 | 1.55 |
| Debt to equity | — | — | 0.04 | 0.03 | 0.03 | 0.03 | 0.07 | 0.16 |
| Interest coverage | 14.8 | 20.8 | 56 | -16.2 | 29.2 | 37.5 | 19.6 | 6.7 |
| Asset turnover | — | 5.48 | 1.38 | 1.45 | 1.28 | 1.31 | 1.02 | 0.93 |
| Return ratios | ||||||||
| Return on assets % | — | 21.6% | 11.3% | 9.5% | 3.5% | 7.4% | 6.6% | 4.9% |
| Return on capital employed % | — | — | 22.1% | 22.3% | 8.2% | 16.6% | 15.1% | 8.1% |
| Return on equity % | — | — | 22.9% | 17.6% | 5.1% | 11.3% | 10.2% | 7.6% |
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.