Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 78.5% | 80.1% | 77.7% | 74.4% | 74.7% | 73.9% | 70.4% |
| EBITDA margin % | 6% | 3.7% | 5.3% | 3.7% | 3.8% | 4.3% | 4.6% |
| EBIT margin % | 4% | 1.5% | 3.7% | 2.4% | 2.6% | 3.1% | 3.1% |
| PAT margin % | 2.9% | 1.1% | 2.8% | 1.8% | 2.2% | 2.3% | 2.4% |
| Working capital | |||||||
| Receivable days | — | 50 | 3,490 | 31 | 46 | 54 | 62 |
| Inventory days | — | 204 | 11,674 | 122 | 107 | 116 | 152 |
| Payable days | — | 113 | 7,959 | 61 | 74 | 83 | 127 |
| NWC days | — | 141 | 7,205 | 92 | 79 | 87 | 86 |
| Leverage | |||||||
| Current ratio | — | 1.55 | 1.71 | 1.62 | 1.56 | 1.5 | 1.24 |
| Debt to EBITDA | — | 0.66 | 0 | 0 | 0.11 | 0.74 | 1.46 |
| Debt to equity | — | 0.07 | 0 | 0 | 0.02 | 0.14 | 0.26 |
| Interest coverage | 19.3 | 8.8 | 34 | 98.1 | 81 | 50.1 | 8.1 |
| Asset turnover | — | 1.74 | 0.02 | 2.65 | 2.61 | 2.36 | 1.8 |
| Return ratios | |||||||
| Return on assets % | — | 1.9% | 0.1% | 4.9% | 5.8% | 5.4% | 4.3% |
| Return on capital employed % | — | 5.4% | 0.1% | 11.4% | 13.6% | 14.9% | 12.7% |
| Return on equity % | — | 3.2% | 0.1% | 7.7% | 9.8% | 10.1% | 9.1% |
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.