Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 48.4% | 45.4% | 41.4% | 42.2% | 43.1% | 45.7% | 45.4% | 44.2% |
| EBITDA margin % | 29.6% | 23.8% | 20.4% | 21.1% | 23.8% | 26.2% | 25% | 24.7% |
| EBIT margin % | 26.6% | 19.7% | 15.3% | 16.7% | 20.2% | 22.6% | 21.1% | 21.1% |
| PAT margin % | 22.5% | 20% | 15.5% | 16.3% | 20.2% | 24.2% | 25.1% | 23.6% |
| Working capital | ||||||||
| Receivable days | 47 | — | 7 | 11 | 9 | 8 | 11 | 6 |
| Inventory days | 93 | — | 62 | 69 | 57 | 57 | 55 | 55 |
| Payable days | 217 | — | 108 | 110 | 80 | 85 | 90 | 76 |
| NWC days | -77 | — | -39 | -29 | -14 | -19 | -24 | -16 |
| Leverage | ||||||||
| Current ratio | 1.17 | — | 3.35 | 1.94 | 1.14 | 1.15 | 1.63 | 1.9 |
| Debt to EBITDA | 0.1 | — | 0.09 | 0.03 | 0.06 | 0.06 | 0.06 | 0.06 |
| Debt to equity | 0.08 | — | 0.01 | 0 | 0.01 | 0.02 | 0.01 | 0.01 |
| Interest coverage | 415.6 | 124 | 108.4 | 115.1 | 125.4 | 94.4 | 97.3 | 89.9 |
| Asset turnover | 1.26 | — | 0.6 | 0.64 | 0.75 | 0.71 | 0.69 | 0.73 |
| Return ratios | ||||||||
| Return on assets % | 28.3% | — | 9.3% | 10.4% | 15.2% | 17.3% | 17.4% | 17.1% |
| Return on capital employed % | 84.1% | — | 15% | 17.2% | 24.1% | 27.1% | 24.9% | 25.7% |
| Return on equity % | 61.6% | — | 11.8% | 13.3% | 19.4% | 22.2% | 22.2% | 22% |
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.