Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 17.9% | 24.8% | 25% | 36.2% | 34.4% | ||
| 29.4% |
| 35.2% |
| EBITDA margin % | 0.2% | 7.6% | 5.3% | 18.9% | 17.5% | 11.6% | 21.3% |
| EBIT margin % | -2.1% | 4.2% | 2.2% | 17.3% | 15.8% | 8.9% | 19.3% |
| PAT margin % | 1.5% | 6.1% | 2.4% | 11.5% | 12.2% | 7% | 13.5% |
| Working capital | |||||||
| Receivable days | — | 22 | 31 | 21 | 15 | 21 | 29 |
| Inventory days | — | 144 | 149 | 103 | 91 | 108 | 91 |
| Payable days | — | 32 | 24 | 21 | 19 | 26 | 24 |
| NWC days | — | 134 | 156 | 102 | 87 | 104 | 96 |
| Leverage | |||||||
| Current ratio | — | 1.69 | 1.64 | 2.13 | 2.41 | 2.51 | 2.86 |
| Debt to EBITDA | — | 3.17 | 5.4 | 0.77 | 1.19 | 2.58 | 0.87 |
| Debt to equity | — | 0.57 | 0.72 | 0.49 | 0.53 | 0.49 | 0.36 |
| Interest coverage | 2.4 | 6.3 | 3.8 | 11.9 | 11.9 | 5.2 | 13.2 |
| Asset turnover | — | 1.28 | 1.3 | 1.99 | 1.49 | 1.01 | 1.29 |
| Return ratios | |||||||
| Return on assets % | — | 7.8% | 3.2% | 22.8% | 18.2% | 7% | 17.5% |
| Return on capital employed % | — | 18.7% | 10.9% | 62.1% | 43.4% | 16.3% | 35.7% |
| Return on equity % | — | 14.3% | 6.2% | 39% | 30.8% | 11.4% | 26.3% |
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.