Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 39.6% | 40.8% | 42.3% | 34.9% | 32.9% | 40.1% | 36.3% | 37.3% |
| EBITDA margin % | 14.4% | 14.6% | 18.2% | 10.6% | 10.4% | 16.9% | 14.5% | 15.7% |
| EBIT margin % | 9.3% | 8.6% | 11.1% | 4.4% | 4.9% | 11.2% | 8.6% | 10.1% |
| PAT margin % | 7% | 8.8% | 7.9% | 3.5% | 3.3% | 8.3% | 6.6% | 7.8% |
| Working capital | ||||||||
| Receivable days | — | — | 51 | 44 | 40 | 42 | 44 | 41 |
| Inventory days | — | — | 115 | 120 | 98 | 108 | 115 | 101 |
| Payable days | — | — | 135 | 60 | 58 | 64 | 57 | 60 |
| NWC days | — | — | 31 | 104 | 80 | 86 | 101 | 83 |
| Leverage | ||||||||
| Current ratio | — | — | 1.43 | 1.46 | 1.23 | 1.37 | 1.5 | 1.65 |
| Debt to EBITDA | — | — | 0.59 | 1.37 | 1.02 | 0.49 | 0.71 | 0.48 |
| Debt to equity | — | — | 0.13 | 0.2 | 0.17 | 0.12 | 0.16 | 0.11 |
| Interest coverage | 7.2 | 5.9 | 7.3 | 4.6 | 4.4 | 8.9 | 7.9 | 10 |
| Asset turnover | — | — | 0.72 | 0.84 | 0.94 | 0.94 | 0.95 | 0.97 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.7% | 2.9% | 3.2% | 7.8% | 6.3% | 7.6% |
| Return on capital employed % | — | — | 13.1% | 7.4% | 8.4% | 17.4% | 14.3% | 16.8% |
| Return on equity % | — | — | 9.5% | 4.8% | 5.2% | 12.5% | 10.1% | 11.6% |
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.