Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 23.7% | 29.3% | 28.4% | 24.1% | 26.6% | 31.5% | 24.1% |
| EBITDA margin % | 7.7% | 13.9% | 14.2% | 13.1% | 14% | 12.2% | 8.7% |
| EBIT margin % | 4.3% | 10.3% | 10.9% | 8.3% | 9.2% | 7.8% | 4.9% |
| PAT margin % | 1.4% | 5.6% | 7.4% | 5.9% | 6.3% | 7.5% | 5.3% |
| Working capital | |||||||
| Receivable days | — | 73 | 70 | 43 | 71 | 63 | 69 |
| Inventory days | — | 49 | 51 | 36 | 76 | 99 | 80 |
| Payable days | — | 25 | 31 | 19 | 26 | 21 | 23 |
| NWC days | — | 98 | 90 | 60 | 121 | 141 | 125 |
| Leverage | |||||||
| Current ratio | — | 1.33 | 1.49 | 2.66 | 2.51 | 2.13 | 2.62 |
| Debt to EBITDA | — | 2.35 | 1.84 | 1.24 | 1.39 | 2.1 | 1.84 |
| Debt to equity | — | 1.38 | 1.19 | 0.54 | 0.42 | 0.52 | 0.37 |
| Interest coverage | 1.8 | 3.5 | 6.6 | 4.5 | 6.6 | 5.9 | 5.5 |
| Asset turnover | — | 1.33 | 1.6 | 1.71 | 1.24 | 1.15 | 1.31 |
| Return ratios | |||||||
| Return on assets % | — | 7.4% | 11.8% | 10.1% | 7.8% | 8.6% | 6.9% |
| Return on capital employed % | — | 24.2% | 35.7% | 21.5% | 21.2% | 20.7% | 16.2% |
| Return on equity % | — | 23.7% | 33.7% | 19.5% | 13.6% | 15% | 12.4% |
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.