Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 53.9% | 59% | 51% | 48.1% | 47.8% | 55.4% | 55% |
| EBITDA margin % | 16% | 21.8% | 18.4% | 14.7% | 15.1% | 20.9% | 9.6% |
| EBIT margin % | 7.9% | 11.8% | 12.1% | 7% | 7.8% | 15.1% | 3.3% |
| PAT margin % | 9.4% | 10.3% | 11.1% | 5.5% | 8.5% | 14.6% | -3.3% |
| Working capital | |||||||
| Receivable days | — | 132 | 86 | 57 | 87 | 81 | 104 |
| Inventory days | — | 239 | 191 | 179 | 155 | 191 | 156 |
| Payable days | — | 95 | 76 | 58 | 71 | 62 | 73 |
| NWC days | — | 276 | 201 | 178 | 170 | 210 | 188 |
| Leverage | |||||||
| Current ratio | — | 1.74 | 1.69 | 1.32 | 1.49 | 1.25 | 1.22 |
| Debt to EBITDA | — | 2.11 | 1.48 | 1.86 | 2.33 | 1.93 | 4.96 |
| Debt to equity | — | 0.34 | 0.3 | 0.27 | 0.32 | 0.35 | 0.37 |
| Interest coverage | 4 | 4.1 | 18.7 | 7.7 | 8.8 | 8.4 | 8.5 |
| Asset turnover | — | 0.44 | 0.68 | 0.67 | 0.59 | 0.57 | 0.48 |
| Return ratios | |||||||
| Return on assets % | — | 4.5% | 7.5% | 3.7% | 5% | 8.3% | -1.6% |
| Return on capital employed % | — | 11.5% | 16.3% | 8.6% | 11.3% | 17.7% | 12.6% |
| Return on equity % | — | 7.7% | 12.2% | 5.4% | 7.6% | 12.7% | -2.6% |
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.