Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 85.4% | 85.6% | 85.7% | 87.7% | 85.6% | 85.1% | 84.7% | 85.7% |
| EBITDA margin % | 12.9% | 12.5% | 2.2% | 10.6% | 11.2% | 11.8% | 11.5% | 11.6% |
| EBIT margin % | 10.8% | 10.7% | 0.3% | 9.2% | 10% | 10.7% | 10.4% | 10.4% |
| PAT margin % | 6.3% | 6% | -2.6% | 5.1% | 5.8% | 5.9% | 6.6% | 6.8% |
| Working capital | ||||||||
| Receivable days | 63 | — | 103 | 90 | 91 | 90 | 102 | 93 |
| Inventory days | 103 | — | 155 | 150 | 104 | 71 | 90 | 111 |
| Payable days | 0 | — | 692 | 589 | 526 | 420 | 423 | 493 |
| NWC days | 165 | — | -434 | -349 | -332 | -259 | -231 | -289 |
| Leverage | ||||||||
| Current ratio | 1.48 | — | 1.43 | 1.53 | 1.58 | 2.06 | 1.8 | 1.71 |
| Debt to EBITDA | 1.16 | — | 12.16 | 1.84 | 1.18 | 0.79 | 1.2 | 0.92 |
| Debt to equity | 0.41 | — | 0.56 | 0.51 | 0.37 | 0.21 | 0.33 | 0.26 |
| Interest coverage | 4.7 | 3.2 | 0.3 | 3.4 | 4.2 | 5.1 | 6 | 5.8 |
| Asset turnover | 1.17 | — | 0.83 | 1.04 | 1.18 | 1.18 | 1.13 | 1.08 |
| Return ratios | ||||||||
| Return on assets % | 7.4% | — | -2.1% | 5.3% | 6.8% | 7% | 7.5% | 7.4% |
| Return on capital employed % | 28.7% | — | 2.2% | 23.3% | 27.6% | 26.3% | 25.1% | 23.5% |
| Return on equity % | 17.5% | — | -5.4% | 13.3% | 16.3% | 13.5% | 16.1% | 16.3% |
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.