Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 51.2% | 50.6% | 42.6% | 52.3% | 46.5% | 36.1% | 33.3% |
| EBITDA margin % | 22.5% | 13.8% | 12.2% | 25.6% | 18.9% | 6.4% | 5.6% |
| EBIT margin % | 19.6% | 8.9% | 9.2% | 23.5% | 16.4% | 3.8% | 3% |
| PAT margin % | 15.4% | 13.6% | 8.1% | 19% | 15% | 6.2% | 4.8% |
| Working capital | |||||||
| Receivable days | 25 | 38 | 27 | 17 | 24 | 31 | 41 |
| Inventory days | 85 | 215 | 58 | 89 | 109 | 115 | 115 |
| Payable days | — | 162 | 92 | 86 | 98 | 80 | 76 |
| NWC days | — | 91 | -6 | 20 | 35 | 66 | 79 |
| Leverage | |||||||
| Current ratio | 1.76 | 2.59 | 2.42 | 3.03 | 3.34 | 3.41 | 2.41 |
| Debt to EBITDA | 0.19 | 0.07 | 0.02 | 0 | 0.06 | 0.73 | 0 |
| Debt to equity | 0.06 | 0.01 | 0 | 0 | 0.01 | 0.04 | 0 |
| Interest coverage | 37.1 | 30.4 | 48.9 | 162.4 | 161.7 | 16 | 11.4 |
| Asset turnover | 0.83 | 0.52 | 0.82 | 1 | 0.75 | 0.7 | 0.68 |
| Return ratios | |||||||
| Return on assets % | 12.8% | 7% | 6.6% | 19% | 11.3% | 4.3% | 3.3% |
| Return on capital employed % | 23.4% | 7.4% | 10.3% | 32.3% | 17.9% | 6.4% | 4.6% |
| Return on equity % | 20.7% | 9.3% | 8.8% | 24.2% | 14.2% | 5.5% | 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.