Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 26.4% | 25% | 33.1% | 29.3% | 33.8% | 32.2% | 34.5% | 33.6% |
| EBITDA margin % | 12.4% | 11.9% | 19.2% | 18.9% | 19.5% | 19% | 20.4% | 20.9% |
| EBIT margin % | 11.8% | 11.2% | 18.3% | 18.1% | 18.1% | 18% | 19.6% | 19.4% |
| PAT margin % | 10.4% | 12.4% | 16.5% | 15.4% | 16% | 15.1% | 15% | 17.5% |
| Working capital | ||||||||
| Receivable days | — | — | 116 | 95 | 101 | 86 | 70 | 65 |
| Inventory days | — | — | 144 | 133 | 257 | 199 | 277 | 328 |
| Payable days | — | — | 125 | 52 | 93 | 60 | 53 | 60 |
| NWC days | — | — | 135 | 176 | 264 | 225 | 294 | 333 |
| Leverage | ||||||||
| Current ratio | — | — | 4.06 | 5.52 | 6 | 7.32 | 6.49 | 5.94 |
| Debt to EBITDA | — | — | 0.29 | 0.02 | 0 | 0 | 0.05 | 0.16 |
| Debt to equity | — | — | 0.05 | 0.01 | 0 | 0 | 0.01 | 0.03 |
| Interest coverage | 30.4 | 57.9 | 272.3 | 219.6 | 1,175.7 | 4,071 | 480.2 | 71.2 |
| Asset turnover | — | — | 0.66 | 1.09 | 0.76 | 0.82 | 0.87 | 0.72 |
| Return ratios | ||||||||
| Return on assets % | — | — | 10.9% | 16.8% | 12.1% | 12.4% | 13.1% | 12.5% |
| Return on capital employed % | — | — | 16.9% | 29.5% | 20.8% | 19.7% | 24.6% | 24.4% |
| Return on equity % | — | — | 14.4% | 20.4% | 14.5% | 14.4% | 15.8% | 15.4% |
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.