Consolidated figures
| Ratio | Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 44.8% | 36.6% | 30.6% | 26.9% | 27% | 34.7% | 44% | 50% |
| EBITDA margin % | 12.9% | 14.6% | 14.3% | 11.7% | 10.8% | 12.8% | 14.4% | 13.3% |
| EBIT margin % | 6.6% | 7.3% | 8.8% | 10.2% | 9.6% | 11.5% | 13.3% | 12.2% |
| PAT margin % | 5.3% | 5.5% | 6.7% | 8.1% | 9.4% | 9.1% | 13.7% | 13.5% |
| Working capital | ||||||||
| Receivable days | — | 43 | 39 | 38 | 33 | 45 | 59 | 46 |
| Inventory days | — | 31 | 23 | 57 | 38 | 20 | 41 | 55 |
| Payable days | — | — | 7 | 30 | 22 | 8 | 15 | 13 |
| NWC days | — | — | 55 | 64 | 50 | 57 | 85 | 88 |
| Leverage | ||||||||
| Current ratio | — | 2.15 | 2.65 | 2.35 | 3.66 | 10.56 | 8.99 | 10.51 |
| Debt to EBITDA | — | 0.39 | 0.47 | 0.13 | 0.07 | 0.07 | 0.16 | 0 |
| Debt to equity | — | 0.13 | 0.16 | 0.03 | 0.02 | 0.01 | 0.02 | 0 |
| Interest coverage | 4.5 | 6.2 | 15.8 | 43.7 | 94.8 | 30.7 | 62.7 | 81 |
| Asset turnover | — | 1.55 | 1.76 | 1.61 | 1.79 | 0.95 | 0.6 | 0.6 |
| Return ratios | ||||||||
| Return on assets % | — | 8.5% | 11.7% | 13% | 16.7% | 8.7% | 8.2% | 8.1% |
| Return on capital employed % | — | 16.4% | 23.6% | 28.5% | 28.6% | 15% | 13.3% | 13.2% |
| Return on equity % | — | 12.2% | 15.6% | 18% | 20.5% | 9.9% | 9.5% | 9.3% |
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.