Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 35.5% | 37.3% | 35.7% | 36.1% | 34.4% | 38.7% | 38.6% | 33% |
| EBITDA margin % | 19% | 17.4% | 18.6% | 19.3% | 21.8% | 26.1% | 23.9% | 17.5% |
| EBIT margin % | 18.5% | 16.8% | 17.9% | 18.7% | 21% | 25% | 22.1% | 15.7% |
| PAT margin % | 13.3% | 7.3% | 20.4% | 15.5% | 17.3% | 21.3% | 20.5% | 16.2% |
| Working capital | ||||||||
| Receivable days | — | 100 | 138 | 110 | 72 | 89 | 79 | 137 |
| Inventory days | — | 63 | 75 | 93 | 51 | 52 | 72 | 109 |
| Payable days | — | 69 | 96 | 91 | 51 | 76 | 63 | 114 |
| NWC days | — | 93 | 117 | 111 | 72 | 65 | 88 | 133 |
| Leverage | ||||||||
| Current ratio | — | 3.45 | 3.15 | 3.32 | 3.47 | 3.12 | 3.78 | 2.77 |
| Debt to EBITDA | — | 0.08 | 0.08 | 0.03 | 0.06 | 0.03 | 0 | 0.06 |
| Debt to equity | — | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0 | 0.01 |
| Interest coverage | 36.2 | 55.9 | 82 | 80.7 | 141 | 119.5 | 133 | 113.5 |
| Asset turnover | 4.53 | 0.94 | 0.82 | 1.08 | 1.23 | 1.04 | 0.65 | 0.67 |
| Return ratios | ||||||||
| Return on assets % | 60.4% | 6.9% | 16.7% | 16.8% | 21.2% | 22.1% | 13.4% | 10.8% |
| Return on capital employed % | — | 19.9% | 28.7% | 30.4% | 36.7% | 38.9% | 23.6% | 18.1% |
| Return on equity % | — | 8.4% | 21.3% | 21.7% | 25.7% | 27.1% | 14.9% | 14.2% |
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.