Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 80.9% | 82.3% | 93.7% | 75.4% | 70.9% | 62.1% | 56.8% |
| EBITDA margin % | 16.2% | 18% | 18.6% | 17% | 8.7% | 15.3% | 14.1% | 11.4% |
| EBIT margin % | 12.1% | 13.8% | 14.8% | 13.3% | 4.9% | 10.9% | 9.5% | 7.1% |
| PAT margin % | 8.9% | 11.5% | 11.5% | 10.4% | 4% | 11.7% | 11% | 8.2% |
| Working capital | ||||||||
| Receivable days | 11 | — | 10 | 10 | 14 | 15 | 20 | 54 |
| Inventory days | 26 | — | 162 | 450 | 109 | 117 | 85 | 58 |
| Payable days | 41 | — | 243 | 9 | 100 | 121 | 73 | 80 |
| NWC days | -4 | — | -70 | 451 | 23 | 12 | 32 | 32 |
| Leverage | ||||||||
| Current ratio | 1.76 | — | 1.73 | 1.73 | 1.64 | 1.75 | 1.61 | 1.97 |
| Debt to EBITDA | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 27.2 | 38.3 | 47.7 | 44.1 | 18.4 | 17.3 | 28.9 | 19.9 |
| Asset turnover | 0.84 | — | 0.77 | 0.77 | 1.08 | 0.85 | 0.86 | 0.94 |
| Return ratios | ||||||||
| Return on assets % | 7.4% | — | 8.9% | 8.1% | 4.3% | 10% | 9.5% | 7.8% |
| Return on capital employed % | 16% | — | 17.3% | 15.8% | 9.5% | 16.6% | 16.9% | 10.8% |
| Return on equity % | 10.7% | — | 13% | 11.9% | 6.3% | 14.3% | 12.9% | 10.4% |
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.