Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 26.1% | 27.5% | 25.2% | 25.7% | 22.3% | 21.4% | 22.4% | 22.3% |
| EBITDA margin % | 8.6% | 9% | 7.3% | 8.6% | 6% | 3.8% | 7.2% | 4.5% |
| EBIT margin % | 8.2% | 8.5% | 6.8% | 8.1% | 5.6% | 3.4% | 6.8% | 4% |
| PAT margin % | 7.2% | 6.8% | 7.1% | 6.4% | 1.4% | 2% | 5.4% | 2.6% |
| Working capital | ||||||||
| Receivable days | 94 | 87 | 88 | 97 | 84 | 74 | 59 | 78 |
| Inventory days | 76 | 97 | 84 | 103 | 79 | 79 | 83 | 113 |
| Payable days | 165 | 177 | 161 | 182 | 149 | 143 | 119 | 172 |
| NWC days | 5 | 7 | 11 | 18 | 14 | 10 | 24 | 19 |
| Leverage | ||||||||
| Current ratio | 1.72 | 1.5 | 1.48 | 1.45 | 1.4 | 1.34 | 1.48 | 1.37 |
| Debt to EBITDA | 0.51 | 0.32 | 0.46 | 0.5 | 1.08 | 1.5 | 0.77 | 1.49 |
| Debt to equity | 0.08 | 0.05 | 0.05 | 0.06 | 0.11 | 0.12 | 0.13 | 0.15 |
| Interest coverage | 23.5 | 42 | 30.5 | 32.2 | 23.7 | 12.2 | 22.2 | 9.2 |
| Asset turnover | 0.95 | 0.94 | 0.86 | 0.81 | 0.92 | 1.04 | 1.17 | 0.98 |
| Return ratios | ||||||||
| Return on assets % | 6.8% | 6.4% | 6.1% | 5.2% | 1.3% | 2.1% | 6.3% | 2.6% |
| Return on capital employed % | 18.7% | 20.4% | 16.6% | 15.4% | 12.4% | 11.4% | 20.5% | 11.4% |
| Return on equity % | 12.5% | 12.2% | 10.6% | 9.2% | 2.5% | 4.3% | 12.8% | 5.8% |
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.