Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 21.5% | 20.7% | 21.8% | 15.8% | 19% | 19.6% | 24% | 28.5% |
| EBITDA margin % | 11.7% | 11% | 11.2% | 6.4% | 7.7% | 8.5% | 11.3% | 12.3% |
| EBIT margin % | 10.6% | 10.1% | 10.2% | 5.6% | 6.9% | 7.5% | 10.2% | 11.3% |
| PAT margin % | 8.8% | 9.4% | 9.7% | 4.9% | 6.1% | 7.3% | 9.9% | 10.8% |
| Working capital | ||||||||
| Receivable days | — | — | 6 | 8 | 9 | 10 | 9 | 9 |
| Inventory days | — | — | 63 | 85 | 71 | 75 | 75 | 79 |
| Payable days | — | — | 27 | 26 | 25 | 27 | 34 | 20 |
| NWC days | — | — | 42 | 67 | 55 | 57 | 50 | 67 |
| Leverage | ||||||||
| Current ratio | — | — | 6.69 | 5.78 | 6.84 | 7.21 | 6.62 | 5.58 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0.03 | 0.02 | 0.01 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.01 | 0 | 0 |
| Interest coverage | 161.7 | 244.4 | 304.6 | 180.5 | 219 | 410.6 | 328.7 | 324.7 |
| Asset turnover | — | — | 1.8 | 2 | 1.86 | 1.73 | 1.52 | 1.42 |
| Return ratios | ||||||||
| Return on assets % | — | — | 17.4% | 9.7% | 11.4% | 12.7% | 15.1% | 15.4% |
| Return on capital employed % | — | — | 25.5% | 17.4% | 19.3% | 20.9% | 24.7% | 25.7% |
| Return on equity % | — | — | 22.6% | 12.9% | 14.9% | 16.6% | 19.9% | 20% |
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.