Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 67.5% | 68.3% | 68.9% | 65.3% | 63.2% | 66.2% | 65.1% | 67.3% |
| EBITDA margin % | 20.9% | 21.8% | 25.1% | 16.6% | 14.1% | 17.4% | 15.4% | 15.9% |
| EBIT margin % | 17.7% | 19% | 22.2% | 14.2% | 11.9% | 15.4% | 12.9% | 13.2% |
| PAT margin % | 16% | 17.9% | 22.6% | 14.2% | 10.9% | 15.7% | 12.7% | 13% |
| Working capital | ||||||||
| Receivable days | 29 | 34 | 30 | 20 | 25 | 22 | 19 | 26 |
| Inventory days | 180 | 180 | 189 | 210 | 183 | 216 | 186 | 182 |
| Payable days | 80 | 101 | 68 | 94 | 99 | 103 | 102 | 106 |
| NWC days | 129 | 113 | 152 | 135 | 109 | 135 | 103 | 102 |
| Leverage | ||||||||
| Current ratio | 4.13 | 3.76 | 4.57 | 3.68 | 3.42 | 3.58 | 3 | 3.11 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 173.2 | 94.9 | 114.7 | 94.7 | 64 | 99.3 | 80.2 | 80.2 |
| Asset turnover | 0.66 | 0.74 | 0.68 | 0.67 | 0.76 | 0.79 | 0.78 | 0.74 |
| Return ratios | ||||||||
| Return on assets % | 10.6% | 13.2% | 15.4% | 9.5% | 8.3% | 12.4% | 9.8% | 9.6% |
| Return on capital employed % | 17.6% | 21.4% | 23.7% | 15.6% | 13% | 19.1% | 16% | 16.3% |
| Return on equity % | 12% | 15.5% | 17.4% | 11% | 9.8% | 14.5% | 11.7% | 11.3% |
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.