Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | — |
| EBITDA margin % | 94.9% | 87.3% | 88.3% | 87.9% | 86.6% | 87% | 85.3% | 81.3% |
| EBIT margin % | 64.4% | 56.5% | 57.9% | 56.9% | 57.4% | 58.5% | 57.1% | 53.4% |
| PAT margin % | 30.2% | 29.3% | 30.4% | 40.4% | 33.8% | 34% | 33.9% | 34.1% |
| Working capital | ||||||||
| Receivable days | 10,710 | 49 | 79 | 87 | 104 | 92 | 63 | 91 |
| Inventory days | 55,383 | 109 | 107 | 98 | 80 | 86 | 98 | 89 |
| Payable days | 16,213 | — | 2 | — | 20 | 23 | 34 | 40 |
| NWC days | 49,879 | — | 184 | — | 164 | 155 | 128 | 140 |
| Leverage | ||||||||
| Current ratio | 0.54 | 0.6 | 0.83 | 0.63 | 0.87 | 0.78 | 0.73 | 0.6 |
| Debt to EBITDA | 886.93 | 4.2 | 4.09 | 3.68 | 3.21 | 3.09 | 3.35 | 3.9 |
| Debt to equity | 2.3 | 2.14 | 2.05 | 1.77 | 1.52 | 1.42 | 1.41 | 1.47 |
| Interest coverage | 2.3 | 2.3 | 3 | 3.1 | 2.8 | 3.2 | 3.2 | 3.1 |
| Asset turnover | 0 | 0.15 | 0.16 | 0.17 | 0.18 | 0.18 | 0.17 | 0.16 |
| Return ratios | ||||||||
| Return on assets % | 0% | 4.3% | 4.7% | 6.7% | 6.2% | 6.2% | 5.8% | 5.4% |
| Return on capital employed % | 0.1% | 10.1% | 10.7% | 11.2% | 12.4% | 12.7% | 12.6% | 11% |
| Return on equity % | 0.1% | 17.1% | 17.2% | 22.1% | 18.6% | 17.9% | 16.8% | 15.8% |
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.