Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 65.5% | 72% | 68.7% | 60% | 69.4% | 72.5% | 72.4% |
| EBITDA margin % | 21.7% | 20.2% | 17.1% | 15.1% | 26% | 23.3% | 20.7% |
| EBIT margin % | 16.2% | 12.6% | 10.9% | 9.9% | 21.2% | 18.9% | 16.5% |
| PAT margin % | 12.4% | 9.4% | 8.1% | 7.9% | 17.7% | 15.9% | 14.1% |
| Working capital | |||||||
| Receivable days | 104 | 120 | 99 | 80 | 77 | 71 | 72 |
| Inventory days | 120 | 202 | 142 | 92 | 93 | 144 | 121 |
| Payable days | 132 | 158 | 159 | 92 | 117 | 138 | 103 |
| NWC days | 92 | 164 | 82 | 80 | 53 | 77 | 90 |
| Leverage | |||||||
| Current ratio | 1.96 | 2.8 | 3.18 | 2.49 | 2.94 | 3.72 | 3.96 |
| Debt to EBITDA | 0.35 | 0.18 | 0.07 | 0.1 | 0.04 | 0.11 | 0.04 |
| Debt to equity | 0.1 | 0.03 | 0.01 | 0.02 | 0.01 | 0.03 | 0.01 |
| Interest coverage | 14.9 | 8.4 | 11.7 | 11.7 | 24.8 | 21.2 | 18.2 |
| Asset turnover | 0.89 | 0.61 | 0.7 | 0.83 | 0.8 | 0.77 | 0.74 |
| Return ratios | |||||||
| Return on assets % | 11.1% | 5.7% | 5.6% | 6.6% | 14.2% | 12.1% | 10.4% |
| Return on capital employed % | 19.4% | 10.2% | 10.1% | 11.5% | 25% | 20.7% | 17.9% |
| Return on equity % | 16.4% | 7.8% | 7.6% | 8.7% | 19.2% | 16.7% | 13.7% |
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.