Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 38.2% | 41.3% | 35.9% | 36.7% | 41% | 42.7% | 41.5% | 40.1% |
| EBITDA margin % | 22% | 23.2% | 17.6% | 19.4% | 27.5% | 25.2% | 22.6% | 20.4% |
| EBIT margin % | 20.4% | 19.8% | 13.5% | 17.3% | 25.9% | 22.5% | 20.3% | 18% |
| PAT margin % | 12.9% | 15.9% | 10.6% | 13.8% | 20.5% | 19.4% | 18.1% | 17.6% |
| Working capital | ||||||||
| Receivable days | — | — | 52 | 59 | 42 | 54 | 53 | 54 |
| Inventory days | — | — | 63 | 72 | 91 | 78 | 100 | 104 |
| Payable days | — | — | 49 | 47 | 36 | 41 | 43 | 45 |
| NWC days | — | — | 66 | 84 | 97 | 91 | 110 | 113 |
| Leverage | ||||||||
| Current ratio | — | — | 4 | 3.54 | 5.37 | 9.13 | 8.46 | 8.49 |
| Debt to EBITDA | — | — | 0.45 | 0.16 | 0.03 | 0 | 0 | 0.09 |
| Debt to equity | — | — | 0.12 | 0.06 | 0.02 | 0 | 0 | 0.02 |
| Interest coverage | 128.2 | 46.9 | 27.7 | 70 | 185.4 | 226.2 | 253.7 | 131.8 |
| Asset turnover | — | — | 1.2 | 1.52 | 1.67 | 1.01 | 0.9 | 0.79 |
| Return ratios | ||||||||
| Return on assets % | — | — | 12.7% | 21% | 34.2% | 19.5% | 16.4% | 13.9% |
| Return on capital employed % | — | — | 21.4% | 40.2% | 67.1% | 31.7% | 26.5% | 21.6% |
| Return on equity % | — | — | 16.5% | 27.1% | 40.1% | 21.4% | 17.9% | 15.7% |
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.