Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 68.5% | 66.7% | 63.9% | 60.2% | 62.9% | 63.4% | 62.6% |
| EBITDA margin % | 12% | 11.3% | 12.1% | 12.8% | 14.1% | 15.8% | 15.5% |
| EBIT margin % | 3.4% | 3.8% | 5.7% | 7.7% | 9.1% | 10.9% | 11% |
| PAT margin % | 3.6% | 0.5% | 4.4% | 6.6% | 7.9% | 9.4% | 9.1% |
| Working capital | |||||||
| Receivable days | — | 87 | 72 | 61 | 61 | 68 | 50 |
| Inventory days | — | 185 | 140 | 110 | 112 | 103 | 112 |
| Payable days | — | 287 | 230 | 192 | 186 | 170 | 194 |
| NWC days | — | -15 | -18 | -21 | -13 | 1 | -32 |
| Leverage | |||||||
| Current ratio | — | 2.09 | 2.05 | 2.12 | 2.5 | 2.96 | 2.98 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 14.8 | 23.3 | 19.8 | 37.4 | 38.5 | 40.9 | 36.8 |
| Asset turnover | — | 0.84 | 1 | 1.1 | 1.07 | 1.02 | 0.97 |
| Return ratios | |||||||
| Return on assets % | — | 0.4% | 4.4% | 7.2% | 8.4% | 9.6% | 8.8% |
| Return on capital employed % | — | 5.4% | 8.6% | 13.9% | 16.1% | 18.7% | 18.2% |
| Return on equity % | — | 0.6% | 6.7% | 11% | 12% | 13.4% | 12.4% |
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.