Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 38.2% | 37.9% | 32.4% | 30.8% | 32.4% | 32.9% | 33.1% |
| EBITDA margin % | 10.9% | 15% | 12.6% | 9.5% | 9.9% | 9.8% | 9.8% |
| EBIT margin % | 8.6% | 12.7% | 10.8% | 7.7% | 8.1% | 7.9% | 7.8% |
| PAT margin % | 7.8% | 10% | 8.6% | 6.3% | 6.8% | 6.8% | 7.5% |
| Working capital | |||||||
| Receivable days | 10 | 20 | 20 | 21 | 23 | 21 | 13 |
| Inventory days | 117 | 147 | 115 | 116 | 99 | 101 | 107 |
| Payable days | 88 | 90 | 92 | 82 | 78 | 76 | 70 |
| NWC days | 38 | 77 | 43 | 54 | 44 | 46 | 50 |
| Leverage | |||||||
| Current ratio | 1.49 | 1.92 | 1.82 | 1.84 | 1.84 | 1.86 | 1.71 |
| Debt to EBITDA | — | 0.31 | 0.22 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0.1 | 0.07 | 0 | 0 | 0 | 0 |
| Interest coverage | 46.9 | 20.8 | 31.1 | 44 | 38.4 | 47 | 60.6 |
| Asset turnover | 1.33 | 1.18 | 1.32 | 1.52 | 1.5 | 1.58 | 1.53 |
| Return ratios | |||||||
| Return on assets % | 10.4% | 11.8% | 11.4% | 9.6% | 10.2% | 10.6% | 11.5% |
| Return on capital employed % | 19.5% | 27.9% | 25.6% | 20.8% | 22.7% | 23.7% | 23.6% |
| Return on equity % | 17.1% | 20.2% | 19.9% | 16.2% | 17.1% | 17.7% | 17.9% |
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.