Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 72.2% | 74.9% | 83.9% | 81.2% | 73.2% | 73.2% | 62.1% | 75.9% |
| EBITDA margin % | 18.1% | 42% | 13.5% | 6.5% | 33.2% | 41.1% | 38.4% | 36% |
| EBIT margin % | 14% | 39% | 4.4% | -0.4% | 30.4% | 38.9% | 36.8% | 32.4% |
| PAT margin % | 14.4% | 39.3% | 5.1% | 3.7% | 22.8% | 29.4% | 30.7% | 31.7% |
| Working capital | ||||||||
| Receivable days | — | — | 124 | 166 | 142 | 153 | 154 | 119 |
| Inventory days | — | — | 609 | 693 | 305 | 523 | 118 | 415 |
| Payable days | — | — | 133 | 109 | 42 | 99 | 25 | 109 |
| NWC days | — | — | 600 | 750 | 406 | 577 | 247 | 425 |
| Leverage | ||||||||
| Current ratio | — | — | 13.39 | 3.82 | 2.69 | 2.29 | 6.57 | 8.86 |
| Debt to EBITDA | — | — | 0.25 | 2.96 | 0.09 | 0.03 | 0.14 | 0.01 |
| Debt to equity | — | — | 0.01 | 0.05 | 0.02 | 0.01 | 0.03 | 0 |
| Interest coverage | 3.3 | 17.9 | 5 | 3.3 | 18.1 | 81.6 | 40.1 | 30 |
| Asset turnover | — | — | 0.24 | 0.19 | 0.46 | 0.59 | 0.48 | 0.32 |
| Return ratios | ||||||||
| Return on assets % | — | — | 1.2% | 0.7% | 10.5% | 17.3% | 14.6% | 10.1% |
| Return on capital employed % | — | — | 2.6% | 2% | 23.2% | 45.7% | 36.4% | 16.3% |
| Return on equity % | — | — | 1.4% | 0.9% | 15.8% | 28.9% | 17.6% | 11.5% |
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.