Consolidated figures
| Ratio | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | — | ||||
| — |
| — |
| — |
| — |
| EBITDA margin % | 18.3% | 25.9% | 16.3% | 22.8% | 22.8% | 22.6% | 21.7% | 21.5% |
| EBIT margin % | 11.9% | 17.6% | 7.7% | 15.5% | 15.8% | 15.5% | 15.2% | 14.7% |
| PAT margin % | 12.4% | 6.2% | 7.8% | 13.8% | 14.4% | 14.6% | 14.5% | 13.7% |
| Working capital | ||||||||
| Receivable days | 4 | — | 9 | 9 | 10 | 14 | 16 | 19 |
| Inventory days | 1 | — | 2 | 2 | 2 | 3 | 3 | 3 |
| Payable days | 16 | — | 18 | 26 | 22 | 15 | 12 | 12 |
| NWC days | -11 | — | -7 | -16 | -10 | 1 | 7 | 10 |
| Leverage | ||||||||
| Current ratio | 1.42 | — | 2.42 | 2.58 | 3.05 | 3.44 | 4.11 | 3.92 |
| Debt to EBITDA | 0.1 | — | 0.07 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 |
| Debt to equity | 0.02 | — | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | 65.7 | 30.5 | 17.8 | 23 | 25.1 | 24 | 24.6 | 21.9 |
| Asset turnover | 0.66 | — | 0.52 | 0.59 | 0.61 | 0.62 | 0.61 | 0.6 |
| Return ratios | ||||||||
| Return on assets % | 8.2% | — | 4% | 8.1% | 8.7% | 9% | 8.9% | 8.2% |
| Return on capital employed % | 12.8% | — | 6.9% | 12.6% | 13.6% | 13.7% | 13.8% | 12.5% |
| Return on equity % | 9.8% | — | 4.9% | 9.8% | 10.5% | 10.7% | 10.4% | 9.6% |
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.