Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 60.7% | 62.2% | 63.4% | 61.4% | 61.7% | 62.2% | 60.7% |
| EBITDA margin % | 11.1% | 13.6% | 15.5% | 16.5% | 15.9% | 16.6% | 17.4% |
| EBIT margin % | 6.8% | 9.6% | 11.6% | 12.7% | 11.9% | 12.7% | 13.1% |
| PAT margin % | 4.3% | 7.3% | 8% | 9% | 22.1% | 6.9% | 10.9% |
| Working capital | |||||||
| Receivable days | — | 100 | 83 | 77 | 57 | 66 | 67 |
| Inventory days | — | 258 | 305 | 330 | 364 | 352 | 302 |
| Payable days | — | 143 | 113 | 115 | 84 | 84 | 88 |
| NWC days | — | 215 | 275 | 291 | 338 | 334 | 281 |
| Leverage | |||||||
| Current ratio | — | 1.66 | 1.64 | 1.71 | 2.53 | 2.4 | 2.26 |
| Debt to EBITDA | — | 2.43 | 2.01 | 1.84 | 1 | 0.92 | 0.65 |
| Debt to equity | — | 0.49 | 0.5 | 0.48 | 0.2 | 0.2 | 0.16 |
| Interest coverage | 3.2 | 4 | 7.3 | 8 | 6.8 | 15.9 | 24.4 |
| Asset turnover | — | 0.8 | 0.88 | 0.87 | 0.88 | 0.92 | 0.98 |
| Return ratios | |||||||
| Return on assets % | — | 5.8% | 7% | 7.8% | 19.5% | 6.3% | 10.7% |
| Return on capital employed % | — | 13.9% | 18.4% | 21.7% | 17.8% | 18.7% | 21.4% |
| Return on equity % | — | 10.8% | 12.8% | 14.2% | 28.1% | 9% | 15.1% |
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.