Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 56.2% | 51.5% | 59.4% | 62.5% | 63.6% | 60.3% | 56.4% |
| EBITDA margin % | — | 22.8% | 23.5% | 22% | 24.8% | 32.1% | 31% | 29.5% |
| EBIT margin % | — | 18.2% | 18.3% | 17.5% | 18.2% | 27.4% | 26.7% | 25.4% |
| PAT margin % | 19.3% | 13.4% | 14.2% | 20.6% | 21.6% | 25.1% | 27% | 27.6% |
| Working capital | ||||||||
| Receivable days | — | 326 | 226 | 185 | 64 | 55 | 55 | 45 |
| Inventory days | — | 760 | 551 | 524 | 439 | 436 | 644 | 780 |
| Payable days | — | 159 | 75 | 93 | 113 | 113 | 152 | 112 |
| NWC days | — | 927 | 703 | 615 | 390 | 379 | 547 | 713 |
| Leverage | ||||||||
| Current ratio | — | 1.34 | 1.59 | 1.8 | 1.68 | 1.73 | 2.04 | 2.61 |
| Debt to EBITDA | — | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0.44 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 12 | 17.5 | 90.8 | 113.2 | 318.6 | 1,247.6 | 2,092.2 |
| Asset turnover | — | 0.4 | 0.44 | 0.42 | 0.4 | 0.39 | 0.29 | 0.25 |
| Return ratios | ||||||||
| Return on assets % | — | 5.4% | 6.3% | 8.7% | 8.7% | 9.8% | 7.9% | 6.9% |
| Return on capital employed % | — | 19% | 18.7% | 17.7% | 18.8% | 26.2% | 20.8% | 16.1% |
| Return on equity % | — | 21.7% | 21% | 26.3% | 24.7% | 26.2% | 23.9% | 22.2% |
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.