Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 45.3% | 44.5% | 42.1% | 44.6% | 47.8% | 48.7% | 49.2% |
| EBITDA margin % | 21.2% | 22.8% | 21.7% | 23% | 24.9% | 28.8% | 29.2% |
| EBIT margin % | 18.4% | 20% | 19.1% | 20.6% | 22.7% | 26.8% | 27.1% |
| PAT margin % | 14.1% | 14.9% | 15.6% | 16.8% | 19.7% | 22.4% | 22% |
| Working capital | |||||||
| Receivable days | 189 | 170 | 145 | 145 | 133 | 140 | 170 |
| Inventory days | 3 | 232 | 229 | 239 | 257 | 273 | 265 |
| Payable days | — | 154 | 138 | 124 | 128 | 100 | 93 |
| NWC days | — | 248 | 236 | 261 | 262 | 313 | 342 |
| Leverage | |||||||
| Current ratio | 1.46 | 1.41 | 1.39 | 1.46 | 1.55 | 1.76 | 1.98 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 689.4 | 462.8 | 628 | 263.4 | 738.6 | 734.4 | 1,197.6 |
| Asset turnover | 0.53 | 0.48 | 0.45 | 0.5 | 0.51 | 0.58 | 0.62 |
| Return ratios | |||||||
| Return on assets % | 7.5% | 7.1% | 7.1% | 8.4% | 10.1% | 13% | 13.6% |
| Return on capital employed % | 21.6% | 24.4% | 23.5% | 26.9% | 32.5% | 36.9% | 34.8% |
| Return on equity % | 18.1% | 19% | 19.5% | 21.5% | 24.4% | 26.6% | 25.3% |
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.