Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 74.8% | 77.4% | 76.7% | 72.7% | 69.8% | 72.5% | 73.1% | 73% |
| EBITDA margin % | 22.2% | 26.6% | 28.9% | 16.5% | 12.5% | 15% | 15.1% | 15.2% |
| EBIT margin % | 19.3% | 23.1% | 25.5% | 11.1% | 7.7% | 10.6% | 10.9% | 10.9% |
| PAT margin % | 14.8% | 17.4% | 21.3% | 9.8% | 6.1% | 9.9% | 8.7% | 9.1% |
| Working capital | ||||||||
| Receivable days | 45 | — | 24 | 56 | 68 | 60 | 77 | 73 |
| Inventory days | 356 | — | 431 | 406 | 315 | 350 | 466 | 462 |
| Payable days | 237 | — | 194 | 178 | 145 | 157 | 179 | 154 |
| NWC days | 164 | — | 261 | 283 | 237 | 253 | 363 | 381 |
| Leverage | ||||||||
| Current ratio | 1.31 | — | 2.07 | 1.67 | 1.78 | 2.12 | 1.69 | 1.75 |
| Debt to EBITDA | 1.06 | — | 0.32 | 0.72 | 0.9 | 0.46 | 1.19 | 1.22 |
| Debt to equity | 0.34 | — | 0.1 | 0.12 | 0.15 | 0.09 | 0.23 | 0.24 |
| Interest coverage | 41.7 | 39.4 | 86.4 | 36 | 8.7 | 12.3 | 9.8 | 9.1 |
| Asset turnover | 0.82 | — | 0.8 | 0.74 | 0.91 | 0.97 | 0.86 | 0.84 |
| Return ratios | ||||||||
| Return on assets % | 12.2% | — | 17.1% | 7.3% | 5.5% | 9.6% | 7.5% | 7.7% |
| Return on capital employed % | 23.3% | — | 25.5% | 11.8% | 8.8% | 14.4% | 14.9% | 14.8% |
| Return on equity % | 21.5% | — | 22.6% | 9.9% | 7.8% | 12.8% | 11.2% | 11.8% |
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.