Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | — | — | — | 93.7% |
| EBITDA margin % | 76.6% | 75.1% | 72.4% | 71.4% | 75.9% | 70.5% | 72.3% | 74% |
| EBIT margin % | 61.9% | 60.8% | 56.6% | 54.7% | 62.4% | 48.8% | 50.3% | 51% |
| PAT margin % | 51.5% | 61.6% | 66.2% | 41% | 46.3% | 35.3% | 26.6% | 14.2% |
| Working capital | ||||||||
| Receivable days | 38 | 101 | 77 | 87 | 34 | 24 | 66 | 162 |
| Inventory days | 26 | 27 | 30 | 33 | 38 | 39 | 36 | 173 |
| Payable days | 14 | 22 | 24 | 20 | 24 | 57 | 85 | 235 |
| NWC days | 50 | 106 | 82 | 100 | 48 | 5 | 16 | 100 |
| Leverage | ||||||||
| Current ratio | — | 3.65 | 1.55 | 1.56 | 1.13 | 1.19 | 0.98 | 0.64 |
| Debt to EBITDA | 0.95 | 0.97 | 1.2 | 3.99 | 6.27 | 11.15 | 12.12 | 9.58 |
| Debt to equity | 0.17 | 0.16 | 0.17 | 0.52 | 1.01 | 1.44 | 1.9 | 2.25 |
| Interest coverage | 8.1 | 7.6 | -752 | 9.5 | 5.2 | 3.4 | 2.5 | 1.9 |
| Asset turnover | 0.18 | 0.17 | 0.14 | 0.1 | 0.09 | 0.07 | 0.07 | 0.09 |
| Return ratios | ||||||||
| Return on assets % | 9.1% | 10.4% | 9.4% | 4.3% | 4.2% | 2.3% | 1.8% | 1.2% |
| Return on capital employed % | — | 13.6% | 14% | 8.5% | 9% | 4.9% | 4.8% | 5.9% |
| Return on equity % | 12.2% | 13.8% | 12.9% | 7.5% | 9.8% | 6.5% | 5.8% | 4.5% |
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.