Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 38.8% | 44.1% | 50.7% | 45.3% | 37.4% | 34.3% | 36.9% | 37.1% |
| EBITDA margin % | 16% | 17.4% | 24.7% | 19.7% | 12.4% | 5.8% | 10.1% | 4.9% |
| EBIT margin % | 11.4% | 11.8% | 19.1% | 15.6% | 8.5% | 0.9% | 5.8% | -0.2% |
| PAT margin % | 12.8% | 11% | 17.5% | 14.6% | 8% | 1.4% | 5.2% | 0.6% |
| Working capital | ||||||||
| Receivable days | — | 55 | 50 | 61 | 44 | 56 | 54 | 58 |
| Inventory days | — | 99 | 122 | 132 | 104 | 119 | 132 | 140 |
| Payable days | — | 35 | 50 | 51 | 35 | 47 | 43 | 51 |
| NWC days | — | 119 | 122 | 141 | 112 | 127 | 143 | 147 |
| Leverage | ||||||||
| Current ratio | — | 3.29 | 2.96 | 2.81 | 3.3 | 2.97 | 2.78 | 2.59 |
| Debt to EBITDA | — | 0.88 | 0.57 | 0.72 | 0.83 | 1.99 | 1.24 | 2.63 |
| Debt to equity | — | 0.23 | 0.23 | 0.28 | 0.23 | 0.21 | 0.23 | 0.22 |
| Interest coverage | 23.6 | 32.7 | 56.7 | 70.5 | 21.2 | 2.8 | 10.7 | 1.4 |
| Asset turnover | — | 0.78 | 0.8 | 0.91 | 1.03 | 0.85 | 0.86 | 0.79 |
| Return ratios | ||||||||
| Return on assets % | — | 8.6% | 14% | 13.3% | 8.3% | 1.2% | 4.5% | 0.5% |
| Return on capital employed % | — | 11.8% | 19.5% | 20.8% | 12.2% | 1.9% | 7.6% | 1.1% |
| Return on equity % | — | 16.3% | 28.2% | 29.1% | 17.7% | 2.5% | 9.5% | 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.