Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 67% | 67.7% | 66.2% | 64.7% | 67.6% | ||
Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 67% | 67.7% | 66.2% | 64.7% | 67.6% | ||
| 68.6% |
| 69.9% |
| EBITDA margin % | 26% | 30.7% | 29.8% | 25.3% | 26.5% | 26.9% | 25.5% |
| EBIT margin % | 13.3% | 17.9% | 19.3% | 18.1% | 21.3% | 22.2% | 20.8% |
| PAT margin % | 11.4% | 15.8% | 26.2% | 18.4% | 20.2% | 21.1% | 20.5% |
| Working capital | |||||||
| Receivable days | — | 29 | 37 | 44 | 50 | 43 | 33 |
| Inventory days | — | 118 | 121 | 100 | 102 | 94 | 128 |
| Payable days | — | 138 | 138 | 126 | 143 | 133 | 153 |
| NWC days | — | 10 | 19 | 18 | 9 | 4 | 8 |
| Leverage | |||||||
| Current ratio | — | 1.61 | 1.17 | 1.78 | 1.87 | 2.22 | 2.31 |
| Debt to EBITDA | — | 0.1 | 0.28 | 0.09 | 0.07 | 0.06 | 0.13 |
| Debt to equity | — | 0.05 | 0.13 | 0.03 | 0.03 | 0.02 | 0.04 |
| Interest coverage | 19.6 | 44.2 | 140.6 | 92.6 | 81.2 | 98 | 78.3 |
| Asset turnover | — | 1.14 | 1.04 | 1.1 | 1.09 | 1.08 | 0.99 |
| Return ratios | |||||||
| Return on assets % | — | 18% | 27.4% | 20.2% | 22.1% | 22.7% | 20.2% |
| Return on capital employed % | — | 32.2% | 36% | 30.2% | 33% | 34.7% | 30.3% |
| Return on equity % | — | 25.8% | 40.3% | 27.2% | 29.6% | 29.8% | 26.5% |
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.