Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 49.2% | 49.9% | 43.6% | 37.7% | ||||
| 37.6% |
| 43.4% |
| 48.7% |
| 48.9% |
| EBITDA margin % | 6.6% | 7.4% | 9.1% | 8.8% | 9% | 11.2% | 10.1% | 4.8% |
| EBIT margin % | 4% | 5.5% | 7.4% | 7.9% | 8.2% | 9.9% | 7.4% | 1.5% |
| PAT margin % | 4.3% | 6.4% | 6.2% | 6.4% | 6.8% | 8.2% | 6.8% | 0.8% |
| Working capital | ||||||||
| Receivable days | — | — | 127 | 80 | 82 | 88 | 63 | 64 |
| Inventory days | — | — | 64 | 87 | 55 | 41 | 56 | 60 |
| Payable days | — | — | 169 | 107 | 84 | 92 | 106 | 132 |
| NWC days | — | — | 21 | 60 | 54 | 37 | 12 | -8 |
| Leverage | ||||||||
| Current ratio | — | — | 1.62 | 1.46 | 1.45 | 1.51 | 1.51 | 1.46 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 47.5 | 27.8 | 40.5 | 82.6 | 69.8 | 39.6 | 15.4 | 4.8 |
| Asset turnover | — | — | 0.82 | 1.05 | 1.35 | 1.2 | 1.02 | 1.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.1% | 6.8% | 9.2% | 9.8% | 6.9% | 0.8% |
| Return on capital employed % | — | — | 14% | 23.3% | 31.3% | 30.3% | 19.3% | 6.5% |
| Return on equity % | — | — | 10.1% | 16.4% | 22.2% | 22.2% | 15.8% | 1.8% |
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.