Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 15.1% | 14.9% | 14.8% | 15.1% | 14.8% | 14.8% | 15.1% |
| EBITDA margin % | 8.6% | 7.2% | 8.1% | 8.5% | 8.1% | 7.6% | 7.5% |
| EBIT margin % | 7.1% | 5.5% | 6.5% | 7% | 6.6% | 6.1% | 6% |
| PAT margin % | 5.2% | 4.6% | 4.8% | 5.6% | 5% | 4.6% | 4.3% |
| Working capital | |||||||
| Receivable days | — | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory days | — | 40 | 38 | 33 | 33 | 36 | 37 |
| Payable days | — | 10 | 8 | 8 | 8 | 8 | 8 |
| NWC days | — | 30 | 31 | 26 | 26 | 30 | 29 |
| Leverage | |||||||
| Current ratio | — | 3.67 | 2.83 | 3.71 | 3.13 | 2.89 | 1.98 |
| Debt to EBITDA | — | 0.23 | 0.26 | 0.18 | 0.14 | 0.18 | 0.47 |
| Debt to equity | — | 0.03 | 0.05 | 0.04 | 0.03 | 0.04 | 0.1 |
| Interest coverage | 26.2 | 36.6 | 39.4 | 46.4 | 60.5 | 53.9 | 29.7 |
| Asset turnover | — | 1.77 | 2 | 2.37 | 2.4 | 2.44 | 2.33 |
| Return ratios | |||||||
| Return on assets % | — | 8.1% | 9.6% | 13.1% | 12% | 11.1% | 10.1% |
| Return on capital employed % | — | 12.2% | 15.8% | 20.2% | 19.6% | 18.1% | 17.7% |
| Return on equity % | — | 9% | 10.9% | 14.8% | 13.6% | 12.6% | 12.1% |
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.