Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 31.7% | 31.6% | 30.7% | 30.5% | 34% | 38.1% | 36.5% | 36.2% |
| EBITDA margin % | 7.9% | 7% | 7% | 5.9% | 5.3% | 4.5% | 2.9% | 3.8% |
| EBIT margin % | 5.8% | 4.7% | 4.9% | 3.6% | 2.7% | 1.7% | 0.1% | 1.7% |
| PAT margin % | 4.2% | 4.1% | 3.5% | 2.8% | 1.8% | 1.4% | -12.2% | 1.3% |
| Working capital | ||||||||
| Receivable days | 36 | 33 | 15 | 32 | 30 | 32 | 40 | 25 |
| Inventory days | 55 | 50 | 72 | 93 | 108 | 113 | 124 | 70 |
| Payable days | 41 | 31 | 37 | 40 | 35 | 46 | 114 | 56 |
| NWC days | 49 | 52 | 51 | 85 | 103 | 99 | 50 | 39 |
| Leverage | ||||||||
| Current ratio | 3 | 3.01 | 2.56 | 2.09 | 2.14 | 2.23 | 1.69 | 1.85 |
| Debt to EBITDA | — | 0.06 | 0 | 0.71 | 1.15 | 0.98 | 0 | 0 |
| Debt to equity | — | 0.01 | 0 | 0.08 | 0.11 | 0.07 | 0 | 0 |
| Interest coverage | 568.9 | 24 | 25.2 | 14.6 | 7.4 | 5 | 1.7 | 15.9 |
| Asset turnover | 1.75 | 1.65 | 1.64 | 1.48 | 1.33 | 1.18 | 0.5 | 0.85 |
| Return ratios | ||||||||
| Return on assets % | 7.3% | 6.7% | 5.7% | 4.2% | 2.4% | 1.6% | -6.1% | 1.1% |
| Return on capital employed % | 13.7% | 10.2% | 9.9% | 7.5% | 4.7% | 2.8% | 0.3% | 1.8% |
| Return on equity % | 9.1% | 8.3% | 7.2% | 5.6% | 3.1% | 2.1% | -7.6% | 1.4% |
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.