Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 67.9% | 64.2% | 58.1% | 54.2% | 55% | ||
| 54.2% |
| 60.5% |
| EBITDA margin % | 24.1% | 26.4% | 19.8% | 14.7% | 15.8% | 13.2% | 19% |
| EBIT margin % | 23.4% | 25.7% | 19.2% | 13.8% | 14.8% | 12.2% | 17.6% |
| PAT margin % | 21.7% | 24.2% | 19.3% | 14.5% | 15.8% | 13% | 16.3% |
| Working capital | |||||||
| Receivable days | — | 10 | 8 | 12 | 16 | 27 | 24 |
| Inventory days | — | 47 | 55 | 43 | 46 | 45 | 52 |
| Payable days | — | 4 | 2 | 37 | 33 | 41 | 34 |
| NWC days | — | 54 | 61 | 17 | 30 | 31 | 42 |
| Leverage | |||||||
| Current ratio | — | 5.39 | 6.61 | 5.86 | 5.49 | 4.48 | 3.49 |
| Debt to EBITDA | — | 0.02 | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0.01 | — | 0 | 0 | 0 | 0 |
| Interest coverage | 53.9 | 196.9 | 205.4 | 175 | 188.2 | 283 | 144.5 |
| Asset turnover | — | 1.01 | 0.92 | 1.04 | 1 | 1.07 | 1.23 |
| Return ratios | |||||||
| Return on assets % | — | 24.4% | 17.8% | 15.1% | 15.8% | 13.9% | 20.1% |
| Return on capital employed % | — | 34.7% | 25.5% | 20.7% | 23.2% | 19.2% | 30.5% |
| Return on equity % | — | 28.6% | 20.2% | 17.6% | 18.7% | 16.7% | 25.2% |
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.