Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 38.6% | 36% | 39.2% | 36.3% | 35.1% | 37.6% | 37% |
| EBITDA margin % | 9.7% | 13.4% | 14.8% | 12.8% | 11% | 11% | 12.1% |
| EBIT margin % | 7.1% | 9.7% | 11.9% | 10.5% | 8% | 8.1% | 9.2% |
| PAT margin % | 5.2% | 7.4% | 8% | 32% | 4.2% | 4.6% | 5.1% |
| Working capital | |||||||
| Receivable days | — | 41 | 37 | 33 | 37 | 37 | 31 |
| Inventory days | — | 164 | 186 | 142 | 137 | 154 | 144 |
| Payable days | — | 80 | 102 | 93 | 87 | 79 | 80 |
| NWC days | — | 124 | 122 | 83 | 88 | 112 | 95 |
| Leverage | |||||||
| Current ratio | — | 2.07 | 1.53 | 1.56 | 1.45 | 1.49 | 1.47 |
| Debt to EBITDA | — | 0.82 | 1.33 | 1.23 | 1.79 | 1.47 | 1 |
| Debt to equity | — | 0.14 | 0.3 | 0.16 | 0.13 | 0.07 | 0.05 |
| Interest coverage | 3.2 | 6.8 | 7.7 | 4.6 | 2.9 | 3.4 | 5.3 |
| Asset turnover | 1.61 | 0.79 | 0.87 | 0.71 | 0.49 | 0.32 | 0.35 |
| Return ratios | |||||||
| Return on assets % | 8.4% | 5.9% | 7% | 22.6% | 2% | 1.4% | 1.8% |
| Return on capital employed % | — | 9.9% | 15.7% | 11.9% | 5.5% | 3.7% | 3.8% |
| Return on equity % | — | 9.2% | 12.4% | 33.4% | 2.8% | 1.8% | 2.3% |
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.