Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | — | 43.9% | 26% | 36.9% | 28.9% | 33.2% | 32.8% | 42% |
| EBIT margin % | — | 29.6% | 4% | 12.9% | 3.3% | 14.7% | 12.7% | 25.5% |
| PAT margin % | 26.1% | 34.7% | 38.5% | 23.9% | 7.7% | 16.5% | 13.5% | 26.6% |
| Working capital | ||||||||
| Receivable days | — | 148 | 112 | 41 | 88 | 114 | 89 | 120 |
| Inventory days | — | 30 | 39 | 46 | 48 | 41 | 36 | 37 |
| Payable days | — | 255 | 68 | 40 | 71 | 84 | 45 | 38 |
| NWC days | — | -77 | 83 | 47 | 66 | 70 | 80 | 118 |
| Leverage | ||||||||
| Current ratio | — | 1.86 | 2.26 | 2.8 | 1.52 | 1.61 | 1.68 | 1.89 |
| Debt to EBITDA | — | 0.35 | 1.13 | 0.95 | 1.08 | 1.27 | 0.99 | 0.82 |
| Debt to equity | — | 0.1 | 0.11 | 0.16 | 0.17 | 0.34 | 0.21 | 0.25 |
| Interest coverage | -6.5 | 28.4 | 10.2 | 14.2 | 5.1 | 8.4 | 7.3 | 14 |
| Asset turnover | — | 0.46 | 0.3 | 0.36 | 0.41 | 0.52 | 0.47 | 0.51 |
| Return ratios | ||||||||
| Return on assets % | — | 15.9% | 11.5% | 8.6% | 3.2% | 8.6% | 6.4% | 13.6% |
| Return on capital employed % | — | 22% | 7% | 11.3% | 4% | 13.7% | 9.9% | 21.4% |
| Return on equity % | — | 23.7% | 14.9% | 11.2% | 4.2% | 13.2% | 8.7% | 19.5% |
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.