Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 22.6% | 21.9% | 19.9% | 22.2% | 22.2% | ||
Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 22.6% | 21.9% | 19.9% | 22.2% | 22.2% | ||
| 24.2% |
| 23% |
| EBITDA margin % | 6.5% | 6.8% | 5.7% | 7.7% | 7.3% | 7.8% | 6.5% |
| EBIT margin % | 4.6% | 5% | 4.3% | 6.2% | 5.8% | 6.1% | 4.7% |
| PAT margin % | 1.9% | 2.9% | 2.7% | 4.2% | 4.2% | 4.7% | 3.8% |
| Working capital | |||||||
| Receivable days | — | 50 | 42 | 34 | 34 | 44 | 45 |
| Inventory days | — | 73 | 58 | 68 | 65 | 58 | 63 |
| Payable days | — | 40 | 35 | 24 | 22 | 24 | 30 |
| NWC days | — | 82 | 65 | 78 | 77 | 79 | 78 |
| Leverage | |||||||
| Current ratio | — | 1.47 | 1.51 | 1.92 | 3.06 | 3.35 | 3.21 |
| Debt to EBITDA | — | 1.89 | 1.31 | 0.66 | 0.01 | 0.01 | 0.13 |
| Debt to equity | — | 0.52 | 0.37 | 0.22 | 0 | 0 | 0.02 |
| Interest coverage | 2.2 | 4 | 5.3 | 11.2 | 19.5 | 23.4 | 14.9 |
| Asset turnover | — | 1.89 | 2.48 | 2.62 | 2.67 | 2.3 | 2.13 |
| Return ratios | |||||||
| Return on assets % | — | 5.4% | 6.6% | 11% | 11.3% | 10.7% | 8.1% |
| Return on capital employed % | — | 16.7% | 19.8% | 27.1% | 22.1% | 20.1% | 15.5% |
| Return on equity % | — | 11.6% | 13.2% | 18% | 15.2% | 14.1% | 10.9% |
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.