Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 53.4% | 57.2% | 64.2% | 59.3% | 53.8% | 52.3% | 53.8% | 54.9% |
| EBITDA margin % | 15.2% | 17.5% | 22% | 18.3% | 15.8% | 16.8% | 20.9% | 20.5% |
| EBIT margin % | 13.7% | 15.3% | 19.6% | 16.1% | 13.5% | 14.5% | 19% | 18.4% |
| PAT margin % | 8.6% | 9.3% | 12.7% | 12.8% | 11.6% | 12.1% | 15.7% | 16% |
| Working capital | ||||||||
| Receivable days | 22 | 21 | 16 | 9 | 8 | 8 | 7 | 9 |
| Inventory days | 71 | 96 | 128 | 145 | 109 | 132 | 116 | 149 |
| Payable days | 69 | 60 | 89 | 76 | 57 | 73 | 55 | 69 |
| NWC days | 24 | 57 | 54 | 79 | 60 | 67 | 68 | 89 |
| Leverage | ||||||||
| Current ratio | 1.95 | 2.16 | 2.39 | 2.29 | 2.74 | 3.45 | 4.26 | 4.43 |
| Debt to EBITDA | 0.79 | 0.75 | 0.7 | 0.85 | 0.62 | 0 | 0 | 0 |
| Debt to equity | 0.08 | 0.09 | 0.1 | 0.12 | 0.08 | 0 | 0 | 0 |
| Interest coverage | 7.2 | 8.3 | 10.7 | 13.7 | 13.9 | 23.9 | 51.7 | 55.4 |
| Asset turnover | 0.58 | 0.55 | 0.53 | 0.61 | 0.65 | 0.72 | 0.79 | 0.7 |
| Return ratios | ||||||||
| Return on assets % | 5% | 5.1% | 6.7% | 7.8% | 7.5% | 8.7% | 12.3% | 11.2% |
| Return on capital employed % | 9.5% | 10.1% | 13% | 14% | 12.3% | 13.8% | 20% | 17.6% |
| Return on equity % | 6% | 6.1% | 8.1% | 9.8% | 9% | 9.9% | 14% | 12.7% |
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.