Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 48% | 45.4% | 41.7% | 50.2% | 52.4% | 53.1% | 57.9% | 60.1% |
| EBITDA margin % | 16.7% | 14.9% | 18.3% | 15.8% | 17.9% | 20.2% | 16.7% | 19.1% |
| EBIT margin % | 10.6% | 12.8% | 16.7% | 13.6% | 14.9% | 17.2% | 13.6% | 16% |
| PAT margin % | 10.9% | 15.7% | 13.6% | 11.5% | 12.4% | 14.2% | 11.8% | 13.2% |
| Working capital | ||||||||
| Receivable days | 69 | — | 64 | 61 | 76 | 76 | 73 | 77 |
| Inventory days | 105 | — | 124 | 133 | 107 | 79 | 132 | 160 |
| Payable days | — | — | 59 | 55 | 38 | 36 | 66 | 93 |
| NWC days | — | — | 129 | 139 | 145 | 120 | 138 | 143 |
| Leverage | ||||||||
| Current ratio | 5.16 | — | 5.29 | 5.36 | 7.8 | 6.8 | 5.8 | 3.84 |
| Debt to EBITDA | 0 | — | 0 | 0.23 | 0 | 0 | 0.09 | 0.07 |
| Debt to equity | 0 | — | 0 | 0.05 | 0 | 0 | 0.02 | 0.02 |
| Interest coverage | 44.4 | 42.6 | 58.5 | 37 | 29.5 | 42.9 | 36.5 | 48 |
| Asset turnover | 1.13 | — | 1.13 | 0.89 | 0.86 | 0.94 | 0.94 | 0.91 |
| Return ratios | ||||||||
| Return on assets % | 12.4% | — | 15.3% | 10.3% | 10.6% | 13.3% | 11% | 11.9% |
| Return on capital employed % | 21.1% | — | 24.1% | 19.2% | 17.4% | 20.4% | 17.7% | 21.6% |
| Return on equity % | 14.7% | — | 18.3% | 14.1% | 13.3% | 16.7% | 14.1% | 15.7% |
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.