Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 23.5% | 25.4% | 20.4% | 21.9% | 26.7% | 26.1% | 25.7% | 24.7% |
| EBITDA margin % | 6.9% | 7.5% | 3.2% | 3.5% | 6% | 8.3% | 7.8% | 3.5% |
| EBIT margin % | 5.5% | 5.6% | 1.4% | 1.9% | 4.9% | 7.5% | 7.1% | 2.7% |
| PAT margin % | 4.8% | 4.4% | 0.6% | 1.4% | 6% | 8% | 5.5% | 3.1% |
| Working capital | ||||||||
| Receivable days | — | — | 118 | 109 | 77 | 86 | 47 | 79 |
| Inventory days | — | — | 88 | 92 | 71 | 108 | 97 | 72 |
| Payable days | — | — | 59 | 67 | 25 | 39 | 43 | 50 |
| NWC days | — | — | 147 | 134 | 123 | 155 | 102 | 101 |
| Leverage | ||||||||
| Current ratio | — | — | 3.38 | 2.99 | 3.9 | 3.4 | 3.55 | 2.42 |
| Debt to EBITDA | — | — | 10.53 | 7.72 | 3.29 | 1.13 | 0.2 | 1.75 |
| Debt to equity | — | — | 0.9 | 0.78 | 0.54 | 0.16 | 0.04 | 0.15 |
| Interest coverage | 4.7 | 3.5 | 1.4 | 2.3 | 7.7 | 14.9 | 10.9 | 4.8 |
| Asset turnover | — | — | 1.1 | 1.21 | 1.58 | 1.3 | 1.74 | 1.7 |
| Return ratios | ||||||||
| Return on assets % | — | — | 0.7% | 1.7% | 9.5% | 10.4% | 9.6% | 5.3% |
| Return on capital employed % | — | — | 2.7% | 3.9% | 14.1% | 16.7% | 17.8% | 13.4% |
| Return on equity % | — | — | 1.6% | 4.1% | 16.2% | 13.7% | 12.1% | 7.7% |
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.