Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 64.3% | 68.1% | 71.5% | 70% | 68.5% | ||
| 67.4% |
| 62.3% |
| EBITDA margin % | 12.7% | 10.9% | 14.8% | 11.9% | 10.4% | 7.1% | 6% |
| EBIT margin % | 10.9% | 8.8% | 13% | 9.8% | 7.8% | 4.3% | 3.3% |
| PAT margin % | 8.6% | 6.5% | 9.5% | 6.8% | 4.9% | 2.3% | 1.8% |
| Working capital | |||||||
| Receivable days | 57 | 67 | 65 | 82 | 50 | 77 | 108 |
| Inventory days | 66 | 82 | 60 | 96 | 147 | 145 | 107 |
| Payable days | 148 | 237 | 189 | 231 | 194 | 186 | 143 |
| NWC days | -25 | -88 | -64 | -53 | 3 | 35 | 71 |
| Leverage | |||||||
| Current ratio | 1.39 | 1.53 | 1.45 | 1.39 | 1.42 | 1.58 | 1.33 |
| Debt to EBITDA | 0.41 | 0.62 | 0.39 | 0.63 | 1.74 | 1.51 | 1.68 |
| Debt to equity | 0.17 | 0.16 | 0.15 | 0.18 | 0.5 | 0.22 | 0.25 |
| Interest coverage | 12.5 | 8.4 | 9.4 | 6.7 | 4.3 | 2.8 | 2.6 |
| Asset turnover | 1.56 | 1.25 | 1.38 | 1.1 | 1.23 | 1.07 | 1.02 |
| Return ratios | |||||||
| Return on assets % | 13.3% | 8.2% | 13.1% | 7.5% | 6% | 2.4% | 1.8% |
| Return on capital employed % | 41% | 25.2% | 39.9% | 27.8% | 24.5% | 11.3% | 9.5% |
| Return on equity % | 28.3% | 15.1% | 24.3% | 16.5% | 13.4% | 4.7% | 4.4% |
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.