Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 31% | 32.2% | 29.8% | 29.2% | 29.9% | 32.5% | 34.2% | 33.2% |
| EBITDA margin % | 14.8% | 13.9% | 13.2% | 11.7% | 12% | 14.2% | 14.5% | 14.9% |
| EBIT margin % | 12.9% | 11% | 10.9% | 9.3% | 9.9% | 12.2% | 12.5% | 13.1% |
| PAT margin % | 10.2% | 12.5% | 9.5% | 7.9% | 8.2% | 9.9% | 10.7% | 12.2% |
| Working capital | ||||||||
| Receivable days | 29 | 19 | 27 | 27 | 29 | 25 | 30 | 18 |
| Inventory days | 19 | 24 | 30 | 26 | 27 | 25 | 27 | 31 |
| Payable days | 54 | 58 | 88 | 76 | 73 | 80 | 77 | 88 |
| NWC days | -5 | -15 | -32 | -23 | -17 | -30 | -20 | -40 |
| Leverage | ||||||||
| Current ratio | 1.91 | 2.02 | 1.75 | 1.92 | 1.57 | 1.46 | 1.8 | 1.91 |
| Debt to EBITDA | 0.06 | 0.05 | 0.08 | 0.1 | 0.08 | 0.07 | 0.08 | 0.07 |
| Debt to equity | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Interest coverage | 136.7 | 84.6 | 84.9 | 62.3 | 37.8 | 71.3 | 87.3 | 92.6 |
| Asset turnover | 1.84 | 1.49 | 1.34 | 1.31 | 1.43 | 1.44 | 1.44 | 1.42 |
| Return ratios | ||||||||
| Return on assets % | 18.7% | 18.6% | 12.7% | 10.4% | 11.7% | 14.3% | 15.4% | 17.3% |
| Return on capital employed % | 36% | 26.8% | 24.6% | 19.7% | 22.7% | 29.4% | 30.8% | 32.6% |
| Return on equity % | 26.4% | 25.4% | 19% | 14.7% | 16.8% | 21.1% | 22.7% | 26.7% |
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.