Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 20.6% | 18.6% | 28.4% | 24.6% | 25.1% | 27.6% | 30.3% | 34% |
| EBITDA margin % | 15.4% | 3.5% | 8.9% | 19.9% | 9.3% | 12.4% | 9.5% | 10.9% |
| EBIT margin % | 15.4% | 1.3% | 4.2% | 17.9% | 1.4% | 5% | 2.9% | 3.9% |
| PAT margin % | 10.5% | 10.4% | 20% | 14.1% | 0.5% | 2.1% | 2.5% | 4.4% |
| Working capital | ||||||||
| Receivable days | — | — | 1,301 | 20 | 74 | 75 | 39 | 29 |
| Inventory days | — | — | 8 | 3 | 5 | 2 | 38 | 35 |
| Payable days | — | — | 55 | 17 | 45 | 46 | 37 | 37 |
| NWC days | — | — | 1,254 | 5 | 35 | 31 | 40 | 28 |
| Leverage | ||||||||
| Current ratio | — | — | 10.2 | 0.9 | 1.05 | 1.4 | 2.15 | 1.81 |
| Debt to EBITDA | — | — | 0 | 0.18 | 3.16 | 0.46 | 0 | 0.14 |
| Debt to equity | — | — | 0 | 0.21 | 0.47 | 0.07 | 0 | 0.02 |
| Interest coverage | 100.3 | — | — | — | 2.8 | 1.7 | 6.2 | 11 |
| Asset turnover | — | — | 0.11 | 2.34 | 0.66 | 0.71 | 0.83 | 0.82 |
| Return ratios | ||||||||
| Return on assets % | — | — | 2.2% | 32.8% | 0.3% | 1.5% | 2.1% | 3.6% |
| Return on capital employed % | — | — | 3.1% | 10.2% | 2.9% | 7.6% | 5.4% | 6.9% |
| Return on equity % | — | — | 2.4% | 85.6% | 0.8% | 2.7% | 3.2% | 5.2% |
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.