Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 30.4% | 30.2% | 33.3% | 28.5% | 32.3% | 34.5% | 35% | 33.1% |
| EBITDA margin % | 5.9% | 6.5% | 11.1% | 11.5% | 14.9% | 16.7% | 18.1% | 17.8% |
| EBIT margin % | 0.3% | 2.1% | 7.5% | 8.8% | 12.6% | 14.6% | 16.5% | 16.5% |
| PAT margin % | 0.7% | 5.8% | 7.6% | 8.9% | 11.1% | 11.8% | 13.7% | 12.9% |
| Working capital | ||||||||
| Receivable days | — | — | 100 | 110 | 113 | 112 | 125 | 146 |
| Inventory days | — | — | 174 | 134 | 123 | 139 | 165 | 148 |
| Payable days | — | — | 100 | 97 | 0 | 64 | 101 | 121 |
| NWC days | — | — | 174 | 147 | 235 | 187 | 189 | 173 |
| Leverage | ||||||||
| Current ratio | — | — | 1.88 | 1.9 | 4.41 | 2.52 | 2.26 | 1.95 |
| Debt to EBITDA | — | — | 0.79 | 0.77 | 0 | 0 | 0.05 | 0.05 |
| Debt to equity | — | — | 0.11 | 0.13 | 0 | 0 | 0.01 | 0.02 |
| Interest coverage | 3.6 | 4.4 | 12 | 42 | 121.9 | 524.3 | 76.7 | 172.6 |
| Asset turnover | — | — | 0.76 | 0.88 | 0.97 | 0.96 | 0.94 | 0.99 |
| Return ratios | ||||||||
| Return on assets % | — | — | 5.8% | 7.8% | 10.7% | 11.4% | 12.8% | 12.7% |
| Return on capital employed % | — | — | 11.2% | 16.9% | 20.1% | 22.3% | 29.6% | 33.6% |
| Return on equity % | — | — | 9.6% | 13.4% | 16% | 16.8% | 20.3% | 22.3% |
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.