Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 92.5% | 56% | 54.9% | 55.4% | 65% | 62.7% | 66.9% | 64.3% |
| EBITDA margin % | 22.7% | 22% | 21.9% | 25.9% | 32.6% | 24.6% | 27.5% | 22.5% |
| EBIT margin % | 19.2% | 18.1% | 17.3% | 22.8% | 30.5% | 21.6% | 24% | 18.9% |
| PAT margin % | 10.5% | 12% | 11.3% | 17.1% | 25.1% | 23% | 19.6% | 15.4% |
| Working capital | ||||||||
| Receivable days | 32 | 39 | 29 | 22 | 18 | 19 | 24 | 21 |
| Inventory days | 1,123 | 182 | 213 | 204 | 177 | 185 | 217 | 199 |
| Payable days | 598 | 3 | 105 | 75 | 53 | 63 | 57 | 94 |
| NWC days | 556 | 218 | 137 | 152 | 142 | 141 | 183 | 126 |
| Leverage | ||||||||
| Current ratio | 1.08 | 1.36 | 1.7 | 1.42 | 3.71 | 4.3 | 5.31 | 4.38 |
| Debt to EBITDA | 1.46 | 1.48 | 1.21 | 0.78 | 0.23 | 0.23 | 0.11 | 0.09 |
| Debt to equity | 0.58 | 0.49 | 0.31 | 0.26 | 0.09 | 0.07 | 0.03 | 0.02 |
| Interest coverage | 5.2 | 5.1 | 5.8 | 13.8 | 36.9 | 31.3 | 52.9 | 72.3 |
| Asset turnover | 0.84 | 0.79 | 0.73 | 0.76 | 0.89 | 0.91 | 0.76 | 0.71 |
| Return ratios | ||||||||
| Return on assets % | 8.8% | 9.4% | 8.2% | 12.9% | 22.2% | 21.1% | 14.9% | 11% |
| Return on capital employed % | 21.5% | 20% | 16.1% | 24.2% | 33.1% | 19.8% | 23.8% | 17% |
| Return on equity % | 18.2% | 18.1% | 13.1% | 21.9% | 28.9% | 26.7% | 17.9% | 13.3% |
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.