Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 35.1% | 36.6% | 33.4% | 32.8% | 35.9% | 36.5% | 36.8% |
| EBITDA margin % | 11.4% | 13.4% | 14.4% | 16.1% | 19.7% | 20% | 21.4% |
| EBIT margin % | 9% | 10.4% | 12.2% | 14.2% | 17.9% | 18.2% | 19.7% |
| PAT margin % | 13.6% | 14.6% | 13% | 15.8% | 19.1% | 19.3% | 19.5% |
| Working capital | |||||||
| Receivable days | — | 91 | 74 | 75 | 85 | 80 | 83 |
| Inventory days | — | 75 | 66 | 63 | 60 | 56 | 56 |
| Payable days | — | 97 | 89 | 81 | 89 | 87 | 79 |
| NWC days | — | 69 | 51 | 58 | 56 | 49 | 60 |
| Leverage | |||||||
| Current ratio | — | 2.92 | 2.53 | 2.7 | 2.89 | 3.1 | 3.32 |
| Debt to EBITDA | — | 0.03 | 0.44 | 0.28 | 0.06 | 0 | 0 |
| Debt to equity | — | 0 | 0.08 | 0.06 | 0.02 | 0 | 0 |
| Interest coverage | 34.5 | 43.5 | 81.9 | 87.1 | 72.6 | 147.8 | 234.8 |
| Asset turnover | — | 0.73 | 0.87 | 0.98 | 1 | 1.02 | 1.07 |
| Return ratios | |||||||
| Return on assets % | — | 10.7% | 11.3% | 15.5% | 19.2% | 19.7% | 20.9% |
| Return on capital employed % | — | 15% | 19.5% | 24.8% | 30.7% | 31.5% | 34.7% |
| Return on equity % | — | 13.7% | 15.6% | 21.3% | 26% | 26.4% | 27.9% |
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.