Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 46% | 43.4% | 46.9% | 46.7% | 40.4% | 44% | 43.7% | 44.3% |
| EBITDA margin % | 15.6% | 14.2% | 17.8% | 13.7% | 12.9% | 15.9% | 14% | 10.2% |
| EBIT margin % | 13.3% | 9.6% | 13.2% | 9.1% | 8.1% | 11.3% | 9.5% | 5.2% |
| PAT margin % | 9% | 3.2% | 10.9% | 9.6% | 3.7% | 6.4% | 3.4% | 2.9% |
| Working capital | ||||||||
| Receivable days | — | 104 | 103 | 108 | 95 | 93 | 87 | 98 |
| Inventory days | — | 195 | 223 | 243 | 219 | 222 | 219 | 184 |
| Payable days | — | — | 129 | 154 | 133 | 120 | 122 | 92 |
| NWC days | — | — | 198 | 197 | 181 | 195 | 184 | 190 |
| Leverage | ||||||||
| Current ratio | — | 1.36 | 1.77 | 1.7 | 1.7 | 1.52 | 1.39 | 1.27 |
| Debt to EBITDA | — | 2.17 | 2.11 | 2.94 | 2.85 | 2.01 | 2.51 | 3.52 |
| Debt to equity | — | 0.42 | 0.52 | 0.62 | 0.58 | 0.51 | 0.59 | 0.62 |
| Interest coverage | 40.3 | 4.6 | 11.6 | 9.9 | 6.2 | 5.4 | 4.6 | 2.4 |
| Asset turnover | — | 0.75 | 0.7 | 0.68 | 0.76 | 0.8 | 0.79 | 0.81 |
| Return ratios | ||||||||
| Return on assets % | — | 2.4% | 7.6% | 6.5% | 2.8% | 5.1% | 2.7% | 2.4% |
| Return on capital employed % | — | 12.5% | 17.7% | 11.1% | 9.6% | 15% | 15% | 8% |
| Return on equity % | — | 4.4% | 15.1% | 14.7% | 5.9% | 10.2% | 5.7% | 5.1% |
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.