Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 51.9% | 52% | 54.5% | 61.1% | 57.3% | 55.3% | 52.8% |
| EBITDA margin % | 14.4% | 14.7% | 18.9% | 20.8% | 15.3% | 12.6% | 12.6% |
| EBIT margin % | 10.9% | 11.6% | 16.3% | 18.5% | 12.7% | 10.2% | 11% |
| PAT margin % | 8.6% | 9.3% | 13% | 13.3% | 10.3% | 8.7% | 9.1% |
| Working capital | |||||||
| Receivable days | — | — | 67 | 76 | 78 | 103 | 123 |
| Inventory days | — | — | 263 | 342 | 365 | 431 | 348 |
| Payable days | — | — | 45 | 44 | 97 | 146 | 143 |
| NWC days | — | — | 284 | 373 | 346 | 388 | 327 |
| Leverage | |||||||
| Current ratio | — | — | 5.39 | 5.75 | 4.53 | 2.9 | 2.71 |
| Debt to EBITDA | — | — | 0.21 | 0.28 | 0.47 | 1.55 | 1.27 |
| Debt to equity | — | — | 0.06 | 0.08 | 0.08 | 0.22 | 0.2 |
| Interest coverage | 9.1 | 16.1 | 21.9 | 20.5 | 11.2 | 7.7 | 10 |
| Asset turnover | — | — | 1.25 | 1.12 | 0.86 | 0.74 | 0.84 |
| Return ratios | |||||||
| Return on assets % | — | — | 16.2% | 14.8% | 8.9% | 6.5% | 7.7% |
| Return on capital employed % | — | — | 26.5% | 26.6% | 16.8% | 14.5% | 16.9% |
| Return on equity % | — | — | 19.8% | 18% | 11.3% | 9.5% | 11.6% |
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.