Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 42.4% | 42.4% | 36.5% | 37.8% | 36.5% | 34.4% | 39% | 40.1% |
| EBITDA margin % | 17% | 17% | 15.5% | 19.4% | 17.8% | 16.4% | 18.6% | 20.5% |
| EBIT margin % | 15.6% | 15.6% | 14% | 18.3% | 16.7% | 15.4% | 16.3% | 17.7% |
| PAT margin % | 12.9% | 12.9% | 12.6% | 15.2% | 14.1% | 13.7% | 13.6% | 14.6% |
| Working capital | ||||||||
| Receivable days | — | — | — | 64 | 70 | 73 | 72 | 82 |
| Inventory days | — | — | — | 125 | 135 | 113 | 142 | 119 |
| Payable days | — | — | — | 46 | 68 | 57 | 51 | 42 |
| NWC days | — | — | — | 143 | 137 | 128 | 163 | 160 |
| Leverage | ||||||||
| Current ratio | — | — | — | 3.11 | 3.14 | 3.01 | 3.69 | 3.29 |
| Debt to EBITDA | — | — | — | 0.03 | 0 | 0.01 | 0 | 0.1 |
| Debt to equity | — | — | — | 0.01 | 0 | 0 | 0 | 0.03 |
| Interest coverage | 193 | 193 | 116.7 | 106.9 | 87.8 | 98 | 104.2 | 77.7 |
| Asset turnover | — | — | — | 1.23 | 1.13 | 1.21 | 1.11 | 1.13 |
| Return ratios | ||||||||
| Return on assets % | — | — | — | 18.6% | 15.9% | 16.6% | 15.1% | 16.5% |
| Return on capital employed % | — | — | — | 33.6% | 30.1% | 28.9% | 26.7% | 28.9% |
| Return on equity % | — | — | — | 26.4% | 21.7% | 22% | 19% | 21.2% |
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.