Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 42.4% | 45.9% | 44.4% | 41.8% | 44.4% | 46.2% | 45.1% | 46.8% |
| EBITDA margin % | 14.1% | 10.7% | 2.4% | 1.9% | 11.3% | 16.2% | 8.9% | 7.7% |
| EBIT margin % | 13.4% | 8.8% | -0.5% | 0% | 9.8% | 14.3% | 6.4% | 5.6% |
| PAT margin % | 14.7% | 9.9% | 5.2% | 2.4% | 18.8% | 15.2% | 9.2% | 69.7% |
| Working capital | ||||||||
| Receivable days | 75 | 77 | 107 | 100 | 56 | 55 | 63 | 56 |
| Inventory days | 73 | 79 | 120 | 94 | 96 | 93 | 126 | 112 |
| Payable days | 16 | — | 41 | 28 | 18 | 18 | 8 | 2 |
| NWC days | 132 | — | 186 | 166 | 134 | 130 | 181 | 166 |
| Leverage | ||||||||
| Current ratio | 2.8 | 2.96 | 2.8 | 4.63 | 4.34 | 5.17 | 6.54 | 6.77 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 614 | 434 | 43.3 | 13.8 | 132.6 | 69.2 | 35.2 | 307.5 |
| Asset turnover | 1.5 | 1.13 | 0.74 | 1.07 | 1.18 | 1.05 | 0.77 | 0.52 |
| Return ratios | ||||||||
| Return on assets % | 22.2% | 11.2% | 3.9% | 2.6% | 22.1% | 16% | 7.1% | 35.9% |
| Return on capital employed % | 32.7% | 18.2% | 5% | 3% | 31.3% | 22.6% | 10% | 56.1% |
| Return on equity % | 27.5% | 14.4% | 5% | 3.1% | 27.7% | 19.9% | 8.6% | 49.8% |
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.