Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 60.9% | 66.7% | 66.9% | 60.7% | 60.1% | 60.2% | 61.2% |
| EBITDA margin % | 33.8% | 41% | 43.3% | 30.5% | 28.1% | 31.7% | 32.6% |
| EBIT margin % | 30.3% | 37.4% | 39.8% | 26.1% | 23.3% | 27.4% | 28.2% |
| PAT margin % | 25.5% | 28.5% | 33% | 23.5% | 20.4% | 23.4% | 24.3% |
| Working capital | |||||||
| Receivable days | — | 88 | 99 | 84 | 100 | 106 | 103 |
| Inventory days | — | 337 | 348 | 359 | 371 | 317 | 353 |
| Payable days | — | 120 | 98 | 91 | 96 | 89 | 108 |
| NWC days | — | 305 | 349 | 352 | 376 | 334 | 348 |
| Leverage | |||||||
| Current ratio | — | 5.55 | 6.99 | 8.46 | 7.57 | 6.94 | 5.43 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 299.3 | 3,065.4 | 4,605.4 | 3,536.3 | 722 | 1,459 | 151.5 |
| Asset turnover | — | 0.65 | 0.67 | 0.54 | 0.51 | 0.55 | 0.53 |
| Return ratios | |||||||
| Return on assets % | — | 18.4% | 22.1% | 12.6% | 10.3% | 12.9% | 12.8% |
| Return on capital employed % | — | 27.6% | 33.7% | 18.6% | 15.7% | 19.7% | 20.8% |
| Return on equity % | — | 21.3% | 25.2% | 14.3% | 11.8% | 14.6% | 15.3% |
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.