Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 96.9% | 97.6% | 98.1% | 98% | 97.2% | 97.5% | — | — |
| EBITDA margin % | 5.5% | 6% | 4.2% | 4.6% | 3.4% | 3.6% | 1.8% | 2% |
| EBIT margin % | 4% | 3.7% | 2.1% | 3% | 1.8% | 2.1% | 1.5% | 1.8% |
| PAT margin % | 3% | -3.9% | 0.7% | 1.8% | 1.3% | 1.5% | 0.3% | 1.5% |
| Working capital | ||||||||
| Receivable days | — | — | 30 | 34 | 32 | 29 | 37 | 19 |
| Inventory days | — | — | 53 | 36 | 21 | 5 | 0 | 0 |
| Payable days | — | — | 220 | 151 | 95 | 90 | 1 | 1 |
| NWC days | — | — | -138 | -81 | -42 | -55 | 36 | 19 |
| Leverage | ||||||||
| Current ratio | — | — | 1.57 | 1.3 | 1.45 | 1.56 | 1.58 | 1.38 |
| Debt to EBITDA | — | — | 1.13 | 0.94 | 0.91 | 0.53 | 0.05 | 0 |
| Debt to equity | — | — | 0.22 | 0.24 | 0.21 | 0.13 | 0.01 | 0 |
| Interest coverage | 3.6 | 2.8 | 2.5 | 5.4 | 3.2 | 3.7 | 6.3 | 5.8 |
| Asset turnover | — | — | 2.3 | 2.51 | 2.8 | 3.05 | 5.32 | 5.04 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.6% | 4.6% | 3.6% | 4.5% | 1.6% | 7.3% |
| Return on capital employed % | — | — | 9% | 14.1% | 10.5% | 12.6% | 9.7% | 19.2% |
| Return on equity % | — | — | 3.1% | 10.3% | 8.7% | 10% | 4.2% | 19% |
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.