Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | 98.8% | — | 99% |
| EBITDA margin % | 5.2% | 6.1% | 5.7% | 5% | 4.3% | 4.2% | 2.3% | 4.5% |
| EBIT margin % | 4.2% | 4.6% | 4.5% | 3.8% | 3.1% | 2.9% | 1% | 3.1% |
| PAT margin % | 3% | 2.7% | 4% | 3.2% | 3.1% | 1.6% | 0.1% | 0.9% |
| Working capital | ||||||||
| Receivable days | — | — | 50 | 50 | 54 | 56 | 52 | 54 |
| Inventory days | — | — | 1 | 1 | 1 | 78 | 1 | 107 |
| Payable days | — | — | 3 | 2 | 2 | 213 | 2 | 245 |
| NWC days | — | — | 48 | 50 | 53 | -79 | 50 | -84 |
| Leverage | ||||||||
| Current ratio | — | — | 1.33 | 1.31 | 1.44 | 1.19 | 1.6 | 1.45 |
| Debt to EBITDA | — | — | 2.6 | 2.66 | 3.1 | 2.91 | 5.04 | 2 |
| Debt to equity | — | — | 0.74 | 0.64 | 0.65 | 0.63 | 0.62 | 0.56 |
| Interest coverage | 3.4 | 2.9 | 7 | 4.5 | 3.4 | 2.7 | 1.3 | 3.1 |
| Asset turnover | — | — | 1.81 | 1.97 | 1.99 | 2.05 | 2.16 | 2.09 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.3% | 6.4% | 6.1% | 3.2% | 0.2% | 1.8% |
| Return on capital employed % | — | — | 31% | 15.1% | 12.1% | 12.3% | 6.1% | 13.7% |
| Return on equity % | — | — | 20.1% | 15.7% | 14.9% | 7.9% | 0.5% | 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.