Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 65.9% | 65.2% | 66.2% | 64.4% | ||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 65.9% | 65.2% | 66.2% | 64.4% | ||||
| 65.1% |
| 62.6% |
| 67.3% |
| 72% |
| EBITDA margin % | 16.1% | 16% | 19.1% | 18.9% | 17.5% | 10.1% | 17.7% | 26.9% |
| EBIT margin % | 12.8% | 12% | 15% | 14.9% | 12.8% | 5.2% | 14% | 23.5% |
| PAT margin % | 9.4% | 7.3% | 8.9% | 8.1% | 2.9% | -12.1% | 7.9% | 8% |
| Working capital | ||||||||
| Receivable days | — | — | 86 | 92 | 115 | 57 | 92 | 107 |
| Inventory days | — | — | 225 | 208 | 240 | 208 | 254 | 264 |
| Payable days | — | — | 221 | 190 | 192 | 210 | 216 | 288 |
| NWC days | — | — | 90 | 110 | 162 | 56 | 129 | 83 |
| Leverage | ||||||||
| Current ratio | — | — | 1.75 | 1.77 | 1.96 | 1.28 | 1.56 | 1.77 |
| Debt to EBITDA | — | — | 2.25 | 1.58 | 1.91 | 0.83 | 0.93 | 0 |
| Debt to equity | — | — | 0.66 | 0.4 | 0.46 | 0.13 | 0.25 | 0 |
| Interest coverage | 4.4 | 3.8 | 4.8 | 6.7 | 5.7 | 2.8 | 9.6 | 21.4 |
| Asset turnover | — | — | 0.7 | 0.72 | 0.67 | 0.82 | 0.83 | 0.85 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6.2% | 5.8% | 1.9% | -10% | 6.5% | 6.8% |
| Return on capital employed % | — | — | 14.8% | 16.8% | 14.8% | 12.7% | 21.3% | 37.8% |
| Return on equity % | — | — | 13.7% | 10.9% | 4% | -18.3% | 11.8% | 13% |
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.