Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Dec 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 87% | 89.8% | 89.5% | ||||
| 86.9% |
| 85.2% |
| 81.4% |
| 83.4% |
| EBITDA margin % | 18.1% | 21.8% | 21.4% | 19.9% | 13.2% | 19.3% | 17% | 16.1% |
| EBIT margin % | 13.7% | 17.4% | 17.5% | 15.8% | 8.9% | 14.4% | 10% | 7.3% |
| PAT margin % | 10.7% | 13.8% | 12.8% | 11.5% | 7.8% | 14.3% | 14.7% | 13.9% |
| Working capital | ||||||||
| Receivable days | 8 | — | 8 | 8 | 11 | 13 | 17 | 17 |
| Inventory days | 28 | — | 337 | 326 | 234 | 268 | 238 | 246 |
| Payable days | 0 | — | 359 | 4 | 198 | 230 | 154 | 227 |
| NWC days | 35 | — | -14 | 330 | 46 | 50 | 100 | 37 |
| Leverage | ||||||||
| Current ratio | 1.38 | — | 1.51 | 1.52 | 1.67 | 2.15 | 1.42 | 1.05 |
| Debt to EBITDA | 0.01 | — | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0.01 |
| Debt to equity | 0 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 24.7 | 35.6 | 37.1 | 33.9 | 21.6 | 21.5 | 28.5 | 17 |
| Asset turnover | 0.67 | — | 0.64 | 0.64 | 0.75 | 0.51 | 0.43 | 0.45 |
| Return ratios | ||||||||
| Return on assets % | 7.1% | — | 8.2% | 7.4% | 5.8% | 7.3% | 6.4% | 6.3% |
| Return on capital employed % | 13.4% | — | 15.9% | 14.6% | 11.4% | 12.7% | 10.2% | 5.3% |
| Return on equity % | 12.4% | — | 14.6% | 13.2% | 9.5% | 11.4% | 9.7% | 9.5% |
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.