Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 27.9% | 29.8% | 29.3% | 26.6% | 28.3% | 28.9% | 30.9% | 32.6% |
| EBITDA margin % | 16.5% | 17% | 17.8% | 15.8% | 17.7% | 19.5% | 20.5% | 20.8% |
| EBIT margin % | 15.6% | 16.2% | 16.8% | 15% | 16.9% | 18.7% | 19.7% | 19.7% |
| PAT margin % | 16.3% | 17.4% | 17.5% | 18.6% | 16.6% | 17.2% | 14.4% | 16.8% |
| Working capital | ||||||||
| Receivable days | — | — | 36 | 17 | 18 | 17 | 15 | 20 |
| Inventory days | — | — | 28 | 18 | 22 | 19 | 22 | 54 |
| Payable days | — | — | 85 | 54 | 58 | 64 | 66 | 76 |
| NWC days | — | — | -22 | -19 | -18 | -28 | -29 | -1 |
| Leverage | ||||||||
| Current ratio | — | — | 2.51 | 2.21 | 1.83 | 1.3 | 1.68 | 1.76 |
| Debt to EBITDA | — | — | 0.02 | 0.02 | 0 | 0.2 | 0.88 | 1.68 |
| Debt to equity | — | — | 0 | 0 | 0 | 0.06 | 0.26 | 0.57 |
| Interest coverage | 1,399.2 | 2,017 | 892.2 | 723.4 | 186.1 | 162.9 | 29.6 | 12.5 |
| Asset turnover | — | — | 0.83 | 0.94 | 1.04 | 1.14 | 0.94 | 0.81 |
| Return ratios | ||||||||
| Return on assets % | — | — | 14.5% | 17.6% | 17.2% | 19.6% | 13.5% | 13.7% |
| Return on capital employed % | — | — | 21.3% | 21.5% | 24.4% | 32.7% | 31.6% | 29.1% |
| Return on equity % | — | — | 17.8% | 20.6% | 20.6% | 26.6% | 20.8% | 27.2% |
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.