Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 56.6% | 59.4% | 59% | 58.6% | 60.5% | 61.4% | 62.9% | 64.6% |
| EBITDA margin % | 19.2% | 20.4% | 21.7% | 23.2% | 24.7% | 26.3% | 31.4% | 34.3% |
| EBIT margin % | 17.7% | 17.8% | 19.3% | 21.2% | 22.7% | 24.3% | 29.6% | 32.5% |
| PAT margin % | 14.2% | 2.9% | 11.2% | 51.7% | 18.8% | 17.1% | 24.7% | 27.1% |
| Working capital | ||||||||
| Receivable days | — | 11 | — | 23 | 22 | 23 | 28 | 26 |
| Inventory days | — | 135 | — | 144 | 131 | 144 | 126 | 124 |
| Payable days | — | 1 | — | 156 | 122 | 171 | 186 | 154 |
| NWC days | — | 145 | — | 11 | 31 | -4 | -31 | -4 |
| Leverage | ||||||||
| Current ratio | — | 1.74 | — | 2.18 | 2.04 | 1.98 | 1.89 | 2.13 |
| Debt to EBITDA | — | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | — | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 1,190 | 103.1 | 205.8 | 384.7 | 463.6 | 534.2 | 959.2 | 508.5 |
| Asset turnover | — | 1.03 | — | 0.71 | 0.98 | 0.97 | 0.91 | 0.88 |
| Return ratios | ||||||||
| Return on assets % | — | 3% | — | 36.6% | 18.4% | 16.6% | 22.6% | 24% |
| Return on capital employed % | — | 31% | — | 26.2% | 34% | 47.7% | 59.3% | 58.5% |
| Return on equity % | — | 5.1% | — | 63.6% | 35.1% | 33.2% | 47.5% | 45.7% |
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.