Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 51.9% | 54.6% | 49.1% | 47.2% | 46.9% | 50.8% | 47.3% |
| EBITDA margin % | 22% | 24.6% | 17.9% | 14.3% | 13.5% | 16.4% | 16.4% |
| EBIT margin % | 18.9% | 20.9% | 14.5% | 10.6% | 8.3% | 10.7% | 11.3% |
| PAT margin % | 16.4% | 17.7% | 11.9% | 9.3% | 6.9% | 8.9% | 11% |
| Working capital | |||||||
| Receivable days | — | 72 | 71 | 57 | 72 | 74 | 74 |
| Inventory days | — | 128 | 122 | 101 | 90 | 97 | 90 |
| Payable days | — | 127 | 94 | 69 | 84 | 82 | 94 |
| NWC days | — | 73 | 99 | 89 | 77 | 89 | 70 |
| Leverage | |||||||
| Current ratio | — | 3.16 | 2.67 | 2.49 | 2.53 | 3.33 | 3.61 |
| Debt to EBITDA | — | 0.11 | 0.15 | 0.06 | 0.36 | 0.22 | 0.17 |
| Debt to equity | — | 0.03 | 0.03 | 0.01 | 0.04 | 0.04 | 0.03 |
| Interest coverage | 90.4 | 94.5 | 88.4 | 87.6 | 40.8 | 29.4 | 52.3 |
| Asset turnover | — | 0.76 | 0.89 | 0.94 | 0.73 | 0.8 | 0.79 |
| Return ratios | |||||||
| Return on assets % | — | 13.4% | 10.6% | 8.8% | 5% | 7.1% | 8.7% |
| Return on capital employed % | — | 21.4% | 18.3% | 14.4% | 8.6% | 12% | 14.1% |
| Return on equity % | — | 17.2% | 13.7% | 10.8% | 6.3% | 8.9% | 11.1% |
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.