Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | 96.5% | 96.4% | 96.6% | 97.7% | 97.4% | 98.4% |
| EBITDA margin % | 40.6% | 32.8% | 42.5% | 31.3% | 0.7% | 6% | -2.4% | -11.3% |
| EBIT margin % | 33.1% | 25.2% | 36.6% | 26.2% | -5.1% | 1.7% | -7% | -16.6% |
| PAT margin % | 29.2% | 26% | 32.1% | 24.3% | 2.3% | 8.3% | 1.8% | -4.2% |
| Working capital | ||||||||
| Receivable days | — | — | 165 | 184 | 161 | 165 | 218 | 192 |
| Inventory days | — | — | 105 | 144 | 176 | 150 | 114 | 221 |
| Payable days | — | — | 1,567 | 1,959 | 1,902 | 2,131 | 1,788 | 3,508 |
| NWC days | — | — | -1,297 | -1,631 | -1,565 | -1,817 | -1,457 | -3,095 |
| Leverage | ||||||||
| Current ratio | — | — | 8.51 | 6.2 | 4.5 | 4.96 | 4.72 | 3.4 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | — | — |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | — | — | — | — | 202.6 | 5.5 | -102.2 |
| Asset turnover | — | — | 0.4 | 0.48 | 0.56 | 0.57 | 0.53 | 0.48 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.9% | 11.6% | 1.3% | 4.7% | 1% | -2% |
| Return on capital employed % | — | — | 19.4% | 15.7% | 1.5% | 6.1% | 0.3% | -4.6% |
| Return on equity % | — | — | 14.2% | 13.3% | 1.5% | 5.5% | 1.1% | -2.5% |
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.