Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 15.6% | 16.7% | 19.9% | 12.7% | 14% | 11.6% | 19% |
| EBITDA margin % | 7.8% | 10.7% | 13.7% | 10.7% | 10.6% | 8.5% | 15.7% |
| EBIT margin % | 7.6% | 9.9% | 12.4% | 10.3% | 9.6% | 7.2% | 14.8% |
| PAT margin % | 5% | 6.5% | 10.2% | 7.1% | 6.7% | 6.4% | 9% |
| Working capital | |||||||
| Receivable days | — | 54 | 96 | 55 | 81 | 100 | 142 |
| Inventory days | — | 4 | 8 | 3 | 2 | 1 | 15 |
| Payable days | — | 70 | 79 | 49 | 17 | 29 | 92 |
| NWC days | — | -12 | 24 | 8 | 66 | 73 | 65 |
| Leverage | |||||||
| Current ratio | — | — | 1.67 | 1.59 | 2.59 | 3.49 | 2.08 |
| Debt to EBITDA | — | 0 | 0.25 | 0.47 | 0.8 | 0.82 | 0.45 |
| Debt to equity | — | 0 | 0.08 | 0.26 | 0.25 | 0.14 | 0.11 |
| Interest coverage | 60.2 | 7.4 | 4.8 | 9.1 | 5.1 | 8.2 | 11.3 |
| Asset turnover | — | 1.85 | 1.17 | 2.17 | 1.73 | 1.37 | 0.8 |
| Return ratios | |||||||
| Return on assets % | — | 12% | 11.9% | 15.4% | 11.7% | 8.8% | 7.2% |
| Return on capital employed % | — | — | 23.8% | 52.3% | 29.4% | 22.7% | 23.2% |
| Return on equity % | — | 29.3% | 24.7% | 36.9% | 20% | 13.1% | 13.5% |
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.