Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 55.5% | 57.6% | 59.8% | 61.4% | 63.6% | ||
| 57.9% |
| 57% |
| EBITDA margin % | 11.7% | 11.4% | 14.6% | 16.5% | 16.6% | 15.8% | 15.7% |
| EBIT margin % | 8.7% | 8.4% | 12.4% | 14.6% | 13.9% | 13.1% | 13.1% |
| PAT margin % | 3.3% | 5.1% | 7.6% | 9.8% | 8.3% | 8.8% | 8.8% |
| Working capital | |||||||
| Receivable days | — | 62 | 65 | 47 | 69 | 74 | 70 |
| Inventory days | — | 242 | 143 | 141 | 262 | 242 | 270 |
| Payable days | — | 174 | 146 | 120 | 187 | 172 | 193 |
| NWC days | — | 130 | 62 | 68 | 144 | 144 | 148 |
| Leverage | |||||||
| Current ratio | — | 1.07 | 1.12 | 1.28 | 1.58 | 1.7 | 1.6 |
| Debt to EBITDA | — | 4.33 | 2.33 | 1.65 | 1.56 | 1.5 | 2.09 |
| Debt to equity | — | 1.71 | 1.31 | 0.91 | 0.45 | 0.37 | 0.49 |
| Interest coverage | 1.8 | 2.3 | 5.3 | 6.6 | 4.9 | 5.5 | 6.1 |
| Asset turnover | — | 0.88 | 1.17 | 1.32 | 0.91 | 0.89 | 0.77 |
| Return ratios | |||||||
| Return on assets % | — | 4.5% | 8.9% | 13% | 7.6% | 7.8% | 6.8% |
| Return on capital employed % | — | 13.5% | 28% | 35.6% | 22.6% | 20% | 18.1% |
| Return on equity % | — | 17.6% | 29.4% | 33% | 14.4% | 13.7% | 13.3% |
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.