Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 30.7% | 31.7% | 30.2% | 29.3% | 25.9% | 29.9% | 35.9% |
| EBITDA margin % | — | 14.1% | 18.2% | 19.1% | 15.9% | 8.9% | 13.8% | 20.4% |
| EBIT margin % | — | 7.2% | 11.1% | 12.2% | 9.8% | 0.5% | 7.4% | 14.3% |
| PAT margin % | 8.8% | 8.2% | 9.6% | 9.8% | 8.5% | 1% | 7.1% | 12.9% |
| Working capital | ||||||||
| Receivable days | 148 | — | — | — | 165 | 173 | 165 | 166 |
| Inventory days | — | — | — | — | 145 | 155 | 117 | 121 |
| Payable days | — | — | — | — | 176 | 144 | 158 | 162 |
| NWC days | — | — | — | — | 134 | 184 | 124 | 125 |
| Leverage | ||||||||
| Current ratio | — | — | 1.84 | 1.69 | 1.65 | 1.86 | 1.81 | 1.86 |
| Debt to EBITDA | — | — | 0.16 | 0.06 | 0 | 0.01 | 0 | 0 |
| Debt to equity | 0 | — | 0.04 | 0.02 | 0 | 0 | 0 | 0 |
| Interest coverage | -38.4 | 97.3 | 112.7 | 211.1 | 96.5 | 20.9 | 180.3 | 487.1 |
| Asset turnover | 0.91 | 4.06 | 0.86 | 0.99 | 0.93 | 0.78 | 0.91 | 0.91 |
| Return ratios | ||||||||
| Return on assets % | 8% | 33.4% | 8.3% | 9.7% | 7.9% | 0.8% | 6.4% | 11.8% |
| Return on capital employed % | — | — | 19.1% | 26.2% | 20.2% | 3.1% | 14.6% | 28% |
| Return on equity % | 13.7% | — | 14.2% | 18.3% | 15.3% | 1.4% | 12.2% | 21.7% |
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.