Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | — | — | — | 98.8% | — | 96.8% | 98.1% |
| EBITDA margin % | 1.3% | 1.7% | 2.7% | 3.9% | 4.9% | 5.2% | 4.8% |
| EBIT margin % | 1.2% | 1.7% | 2.6% | 3.8% | 4.9% | 5.1% | 4.7% |
| PAT margin % | 1.2% | 3.5% | 3.1% | 3.2% | 4% | 4.6% | 5.8% |
| Working capital | |||||||
| Receivable days | — | — | — | 81 | 102 | 93 | 144 |
| Inventory days | — | — | — | 4,714 | 44 | 924 | 1,806 |
| Payable days | — | — | — | 11,712 | 152 | 4,512 | 9,614 |
| NWC days | — | — | — | -6,916 | -6 | -3,495 | -7,663 |
| Leverage | |||||||
| Current ratio | — | 0.98 | 1.01 | 1.04 | 1.17 | 1.18 | 1.18 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 45.3 | 44.4 | 69.3 | 366.3 | 14,841 | 14,184.7 | 30,363.7 |
| Asset turnover | — | 0.82 | 0.91 | 0.68 | 0.82 | 0.88 | 0.79 |
| Return ratios | |||||||
| Return on assets % | — | 2.8% | 2.8% | 2.2% | 3.2% | 4.1% | 4.6% |
| Return on capital employed % | — | 15.3% | 20% | 23.6% | 28.2% | 30.5% | 29.3% |
| Return on equity % | — | 14% | 13.4% | 14.3% | 18.6% | 22.5% | 24.6% |
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.