Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 27.6% | 25.9% | 21.3% | 20.9% | 21.3% | 19.3% | 18.5% |
| EBITDA margin % | 13.3% | 13.4% | 11.4% | 11.4% | 11.7% | 10.2% | 9.8% |
| EBIT margin % | 12% | 12% | 10.3% | 10.3% | 10.9% | 9.3% | 8.9% |
| PAT margin % | 13.6% | 16.7% | 15.9% | 11.3% | 13% | 13.2% | 11.3% |
| Working capital | |||||||
| Receivable days | — | 23 | 17 | 18 | 13 | 17 | 21 |
| Inventory days | — | 134 | 80 | 69 | 53 | 61 | 73 |
| Payable days | — | 31 | 23 | 21 | 22 | 0 | 16 |
| NWC days | — | 126 | 74 | 66 | 45 | 78 | 78 |
| Leverage | |||||||
| Current ratio | — | 9.35 | 9.53 | 10.03 | 10.56 | 33.12 | 8.42 |
| Debt to EBITDA | — | 0 | 0 | 0.03 | 0.01 | 0.04 | 0.03 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 281.3 | 537.1 | 303.3 | 468.3 | 354.5 | 414.4 | 414.7 |
| Asset turnover | — | 0.71 | 0.84 | 0.9 | 0.89 | 0.85 | 0.9 |
| Return ratios | |||||||
| Return on assets % | — | 11.9% | 13.3% | 10.1% | 11.6% | 11.1% | 10.2% |
| Return on capital employed % | — | 11.2% | 11.8% | 13.1% | 14.5% | 12.1% | 11.4% |
| Return on equity % | — | 13.5% | 15.3% | 11.5% | 13.2% | 12.8% | 11.7% |
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.