Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 47.8% | 48.7% | 49% | 43.9% | 41.3% | 44.5% | 47.7% | 54.3% |
| EBITDA margin % | 12% | 14.4% | 15.6% | 7.7% | 0.8% | 4.5% | 10.4% | 19.1% |
| EBIT margin % | 8% | 10.1% | 11.9% | 4.1% | -3.1% | -0% | 6.1% | 12.2% |
| PAT margin % | 5.5% | 7% | 7.7% | 3.2% | -8.6% | -2.2% | 2.1% | 6.6% |
| Working capital | ||||||||
| Receivable days | 98 | 99 | 93 | 85 | 88 | 89 | 85 | 112 |
| Inventory days | 135 | 132 | 139 | 160 | 152 | 166 | 173 | 188 |
| Payable days | 141 | 133 | 119 | 119 | 107 | 125 | 115 | 140 |
| NWC days | 92 | 98 | 112 | 126 | 132 | 131 | 143 | 160 |
| Leverage | ||||||||
| Current ratio | 1.38 | 1.42 | 1.55 | 1.54 | 1.48 | 1.29 | 1.73 | 2.38 |
| Debt to EBITDA | 2.2 | 1.74 | 1.06 | 2.88 | 33.27 | 7.35 | 2.76 | 0.67 |
| Debt to equity | 0.39 | 0.43 | 0.31 | 0.45 | 0.57 | 0.69 | 0.63 | 0.15 |
| Interest coverage | 2.8 | 3.6 | 7 | 4.4 | -1.1 | 0.2 | 1.8 | 6.7 |
| Asset turnover | 0.75 | 0.81 | 0.98 | 0.98 | 0.93 | 0.89 | 0.97 | 0.74 |
| Return ratios | ||||||||
| Return on assets % | 4.1% | 5.6% | 7.5% | 3.1% | -8% | -1.9% | 2% | 4.9% |
| Return on capital employed % | 9.8% | 13.5% | 17.9% | 7.4% | -3.9% | 1.1% | 10.9% | 19.4% |
| Return on equity % | 8% | 11.9% | 14.4% | 6.5% | -17.5% | -4.5% | 4.6% | 7.7% |
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.