Consolidated figures
| Ratio | Mar 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 55.9% | 55.6% | 56.1% | 54.8% | 57.3% | 60.2% | 60.4% |
| EBITDA margin % | 36.1% | 31% | 31.1% | 30.1% | 32.6% | 33.4% | 34.8% |
| EBIT margin % | 32.6% | 27.5% | 27.4% | 27% | 29.4% | 30% | 31.5% |
| PAT margin % | 26.8% | 23.7% | 24.3% | 25.7% | 27.2% | 27.9% | 29.7% |
| Working capital | |||||||
| Receivable days | 22 | 96 | 91 | 98 | 117 | 119 | 138 |
| Inventory days | 34 | 139 | 149 | 159 | 183 | 159 | 181 |
| Payable days | 120 | 68 | 102 | 90 | 106 | 103 | 125 |
| NWC days | -64 | 166 | 138 | 166 | 194 | 175 | 194 |
| Leverage | |||||||
| Current ratio | — | 7.1 | 6.25 | 5.8 | 5.72 | 6.97 | 6.7 |
| Debt to EBITDA | 0 | 0.05 | 0 | 0.01 | 0 | 0 | 0 |
| Debt to equity | 0 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 3,140.7 | 198.2 | 552.2 | 579.6 | 724.3 | 1,110.5 | 923.7 |
| Asset turnover | 1.51 | 0.78 | 0.73 | 0.67 | 0.63 | 0.6 | 0.54 |
| Return ratios | |||||||
| Return on assets % | 40.4% | 18.4% | 17.8% | 17.2% | 17.1% | 16.9% | 16.1% |
| Return on capital employed % | — | 25.8% | 28.1% | 26.2% | 26.3% | 25.7% | 24.5% |
| Return on equity % | 64.4% | 21.2% | 20.8% | 20% | 19.9% | 19% | 18.1% |
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.