Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 34.7% | 33.4% | 33.2% | 34.8% | 37.7% | 39.4% | 37.8% |
| EBITDA margin % | 12.1% | 11.5% | 11.3% | 12.7% | 14.2% | 15.1% | 15% |
| EBIT margin % | 9.1% | 8.6% | 8.3% | 10% | 11.7% | 12.7% | 12.7% |
| PAT margin % | 3.4% | 3.1% | 3% | 4.1% | 4.5% | 5.4% | 5.7% |
| Working capital | |||||||
| Receivable days | 28 | 19 | 18 | 14 | 17 | 14 | 17 |
| Inventory days | 35 | 39 | 37 | 34 | 34 | 33 | 26 |
| Payable days | 94 | 121 | 105 | 89 | 99 | 103 | 103 |
| NWC days | -31 | -63 | -50 | -42 | -49 | -56 | -60 |
| Leverage | |||||||
| Current ratio | 0.97 | 0.97 | 0.93 | 0.88 | 1.02 | 1.12 | 0.97 |
| Debt to EBITDA | 3.96 | 5.33 | 5.55 | 5.32 | 4.56 | 4.15 | 3.77 |
| Debt to equity | 2.74 | 3.12 | 3.48 | 3.93 | 3.73 | 3.25 | 3.31 |
| Interest coverage | 2.1 | 2 | 2.2 | 2.4 | 2.4 | 2.7 | 3.2 |
| Asset turnover | 0.97 | 0.88 | 0.9 | 0.91 | 0.93 | 0.92 | 0.99 |
| Return ratios | |||||||
| Return on assets % | 3.3% | 2.8% | 2.7% | 3.7% | 4.2% | 5% | 5.6% |
| Return on capital employed % | 19% | 16.9% | 16.8% | 22.9% | 25.2% | 24.7% | 29% |
| Return on equity % | 19.7% | 15.9% | 16.6% | 23.8% | 26.2% | 28% | 33.3% |
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.