Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 81.3% | 74.7% | 77.7% | 75.1% | 71.9% | 74.7% | 77% | 78.3% |
| EBITDA margin % | 27.6% | 26.4% | 34.6% | 27.8% | 20.9% | 27.9% | 27.1% | 25.6% |
| EBIT margin % | 24.1% | 22.7% | 30.5% | 24.1% | 17.4% | 24.6% | 24% | 22.4% |
| PAT margin % | 18.8% | 18.1% | 22.6% | 21.3% | 15.7% | 19.4% | 19.8% | 19.4% |
| Working capital | ||||||||
| Receivable days | — | 109 | 93 | 111 | 103 | 108 | 93 | 124 |
| Inventory days | — | 276 | 434 | 347 | 283 | 283 | 308 | 289 |
| Payable days | — | 202 | 212 | 143 | 147 | 159 | 155 | 168 |
| NWC days | — | 184 | 315 | 315 | 240 | 233 | 246 | 246 |
| Leverage | ||||||||
| Current ratio | — | 2.71 | 3.13 | 3.5 | 2.48 | 3.04 | 2.84 | 2.64 |
| Debt to EBITDA | — | 0.06 | 0 | 0 | 0 | 0 | 0 | 0.15 |
| Debt to equity | — | 0.02 | 0 | 0 | 0 | 0 | 0 | 0.05 |
| Interest coverage | 444.3 | 57.1 | 109.8 | 90.2 | 128.6 | 155.5 | 58.4 | 86.5 |
| Asset turnover | — | 0.78 | 0.76 | 0.82 | 0.8 | 0.91 | 0.93 | 0.89 |
| Return ratios | ||||||||
| Return on assets % | — | 14.1% | 17.3% | 17.6% | 12.6% | 17.6% | 18.4% | 17.2% |
| Return on capital employed % | — | 25.1% | 31.1% | 28.1% | 21.6% | 30.8% | 31.2% | 31.8% |
| Return on equity % | — | 18% | 21.8% | 21.8% | 17.4% | 22.9% | 24.3% | 23.3% |
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.