Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 44.8% | 43.7% | 39.2% | 39.8% | 42.2% | 43.2% | 43.4% |
| EBITDA margin % | 12.5% | 12.1% | 8.1% | 9.8% | 9.1% | 8.5% | 8.7% |
| EBIT margin % | 8.3% | 7.5% | 4.4% | 6.2% | 5.5% | 4.9% | 4.9% |
| PAT margin % | 6.3% | 5.4% | 3.1% | 4.3% | 3.8% | 5.5% | 3.1% |
| Working capital | |||||||
| Receivable days | — | 54 | — | 51 | 53 | 51 | 45 |
| Inventory days | — | 154 | — | 127 | 118 | 133 | 110 |
| Payable days | — | 60 | — | 44 | 43 | 58 | 46 |
| NWC days | — | 148 | — | 134 | 128 | 127 | 109 |
| Leverage | |||||||
| Current ratio | — | 3.15 | — | 3.2 | 2.79 | 2.3 | 2.33 |
| Debt to EBITDA | — | 0.12 | — | 0.61 | 0.85 | 1.32 | 0.78 |
| Debt to equity | — | 0.03 | — | 0.14 | 0.18 | 0.25 | 0.16 |
| Interest coverage | 7.7 | 7.3 | 4.7 | 5.6 | 5.1 | 4.3 | 4.6 |
| Asset turnover | — | 1.21 | — | 1.51 | 1.44 | 1.3 | 1.5 |
| Return ratios | |||||||
| Return on assets % | — | 6.6% | — | 6.5% | 5.5% | 7.2% | 4.6% |
| Return on capital employed % | — | 12.2% | — | 12.1% | 10.8% | 9.4% | 10.4% |
| Return on equity % | — | 9.9% | — | 10.2% | 8.7% | 12.3% | 7.4% |
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.