Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 61.2% | — | — | — | — | — | — | 40% |
| EBITDA margin % | 32.3% | 16.9% | 20.6% | 21% | 13.7% | 10.6% | 14.6% | 4.9% |
| EBIT margin % | 29.3% | 13.6% | 17.2% | 18% | 9.8% | 7% | 11.3% | 2.2% |
| PAT margin % | 20.3% | 6.5% | 10.3% | 11.7% | 0.6% | 1.6% | 8.2% | 3.4% |
| Working capital | ||||||||
| Receivable days | 84 | 94 | 92 | 77 | 73 | 72 | 67 | 78 |
| Inventory days | 457 | 289 | 321 | 360 | 382 | 327 | 349 | 489 |
| Payable days | 177 | 91 | 83 | 77 | 91 | 68 | 0 | 110 |
| NWC days | 364 | 292 | 330 | 360 | 363 | 331 | 417 | 457 |
| Leverage | ||||||||
| Current ratio | 3.46 | 3.99 | 4.2 | 5.03 | 4.27 | 4.96 | 6.56 | 5.59 |
| Debt to EBITDA | 0.29 | 0.25 | 0.24 | 0 | 0.01 | 0.01 | 0.13 | 0.45 |
| Debt to equity | 0.08 | 0.04 | 0.04 | 0 | 0 | 0 | 0.01 | 0.02 |
| Interest coverage | 19.8 | 9.6 | 25.2 | 35.3 | 12.4 | 10.1 | 32.3 | 7.3 |
| Asset turnover | 0.61 | 0.66 | 0.6 | 0.62 | 0.59 | 0.64 | 0.6 | 0.57 |
| Return ratios | ||||||||
| Return on assets % | 12.5% | 4.2% | 6.2% | 7.2% | 0.3% | 1.1% | 4.9% | 1.9% |
| Return on capital employed % | 27.5% | 14% | 14.3% | 15% | 7.9% | 6.6% | 9.1% | 2.7% |
| Return on equity % | 18.1% | 5.6% | 7.9% | 8.8% | 0.4% | 1.3% | 5.9% | 2.3% |
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.