Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 54.2% | 45.4% | 45.3% | 45.1% | 43.6% | 42.7% | 41.2% |
| EBITDA margin % | 21.1% | 14.2% | 18.2% | 15.6% | 13.5% | 9.9% | 7.7% |
| EBIT margin % | 17.1% | 10.1% | 15.1% | 12.2% | 9.8% | 6% | 3.5% |
| PAT margin % | 15.4% | 9.6% | 11.2% | 9.2% | 9.2% | 7.4% | 4.3% |
| Working capital | |||||||
| Receivable days | 88 | 122 | 104 | 78 | 86 | 81 | 81 |
| Inventory days | 128 | 120 | 141 | 117 | 100 | 129 | 75 |
| Payable days | 6 | 123 | 91 | 52 | 53 | 54 | 72 |
| NWC days | 210 | 119 | 154 | 143 | 133 | 156 | 84 |
| Leverage | |||||||
| Current ratio | 3.03 | 2.96 | 3.25 | 5.15 | 5.89 | 5.82 | 4.31 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 116.4 | 111.4 | 221.8 | 169.4 | 112.1 | 64.8 | 59.6 |
| Asset turnover | 0.59 | 0.57 | 0.86 | 0.87 | 0.72 | 0.68 | 0.62 |
| Return ratios | |||||||
| Return on assets % | 9.1% | 5.5% | 9.6% | 8% | 6.6% | 5% | 2.6% |
| Return on capital employed % | 11.8% | 8% | 16.2% | 12.5% | 10.3% | 6.2% | 4.4% |
| Return on equity % | 11% | 6.9% | 12.2% | 9.6% | 7.8% | 5.8% | 3.1% |
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.