Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 44.8% | 46.1% | 40.6% | 38.1% | 36.6% | 35.2% | 36.6% | 36.1% |
| EBITDA margin % | 17.8% | 15.1% | 12% | 12.4% | 12.1% | 12.5% | 12.8% | 13.2% |
| EBIT margin % | 14.5% | 11.2% | 8.4% | 9.6% | 9.5% | 10% | 10.7% | 11.3% |
| PAT margin % | 13.2% | 6.6% | 5% | 10.3% | 9.6% | 14.9% | 11.1% | 13.8% |
| Working capital | ||||||||
| Receivable days | — | — | 52 | 48 | 47 | 48 | 48 | 51 |
| Inventory days | — | — | 82 | 86 | 73 | 64 | 62 | 61 |
| Payable days | — | — | 141 | 112 | 105 | 87 | 94 | 98 |
| NWC days | — | — | -6 | 22 | 15 | 25 | 15 | 13 |
| Leverage | ||||||||
| Current ratio | — | — | 1.95 | 1.83 | 1.76 | 1.95 | 1.92 | 1.96 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 176.5 | 162.1 | 94.4 | 52.9 | 156.6 | 47 | 160.7 | 116.6 |
| Asset turnover | — | — | 0.66 | 0.76 | 0.92 | 0.96 | 0.89 | 0.92 |
| Return ratios | ||||||||
| Return on assets % | — | — | 3.3% | 7.9% | 8.8% | 14.4% | 10% | 12.8% |
| Return on capital employed % | — | — | 12.9% | 14.4% | 17.1% | 20.3% | 20.5% | 21% |
| Return on equity % | — | — | 4.9% | 11.4% | 13% | 20.7% | 14.6% | 18.7% |
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.