Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 62.3% | 66% | 61.8% | 60% | 65.7% | 67.4% | 52.1% |
| EBITDA margin % | 20.6% | 27.7% | 24.8% | 27.9% | 25.4% | 23.3% | 19.6% |
| EBIT margin % | 18.3% | 25.2% | 22.7% | 26.1% | 23.3% | 20.8% | 18% |
| PAT margin % | 17.8% | 32.9% | 29.1% | 29.8% | 58.6% | 26.2% | 15% |
| Working capital | |||||||
| Receivable days | — | 68 | 50 | 43 | 55 | 57 | 36 |
| Inventory days | — | 125 | 132 | 47 | 61 | 109 | 441 |
| Payable days | — | 87 | 27 | 22 | 33 | 48 | 41 |
| NWC days | — | 106 | 155 | 69 | 83 | 119 | 437 |
| Leverage | |||||||
| Current ratio | — | 6.86 | 7.96 | 10.61 | 17.58 | 19.38 | 15.82 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 177.2 | 252.5 | 580.3 | 878.2 | 926.6 | 492 | 574.9 |
| Asset turnover | — | 0.28 | 0.3 | 0.3 | 0.24 | 0.2 | 0.29 |
| Return ratios | |||||||
| Return on assets % | — | 9.3% | 8.9% | 9.1% | 14% | 5.3% | 4.3% |
| Return on capital employed % | — | 13% | 12.6% | 13.1% | 20.4% | 7.3% | 6.8% |
| Return on equity % | — | 10.1% | 9.4% | 9.6% | 14.9% | 5.7% | 4.6% |
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.