Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 53% | 54.1% | 52.9% | 50.9% | 47.6% | 51.9% | 51.6% | 50.9% |
| EBITDA margin % | 22.6% | 24.8% | 24.7% | 24.5% | 23.4% | 23.7% | 23.5% | 23.4% |
| EBIT margin % | 21.2% | 22.3% | 22.4% | 22.4% | 21.5% | 21.7% | 21.4% | 21.3% |
| PAT margin % | 15.4% | 17% | 17% | 17% | 16.7% | 16.6% | 16.9% | 23.4% |
| Working capital | ||||||||
| Receivable days | 17 | 11 | 14 | 16 | 19 | 18 | 22 | 19 |
| Inventory days | 51 | 55 | 59 | 58 | 49 | 49 | 53 | 55 |
| Payable days | — | 1 | 145 | 129 | 110 | 129 | 135 | 154 |
| NWC days | — | 65 | -72 | -55 | -43 | -62 | -60 | -79 |
| Leverage | ||||||||
| Current ratio | — | — | 1.28 | 1.37 | 1.41 | 1.66 | 1.33 | 1.22 |
| Debt to EBITDA | 0.01 | — | 0 | 0 | 0.01 | 0 | 0 | 0 |
| Debt to equity | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 268.6 | 80.4 | 93.7 | 113.4 | 118.6 | 42.7 | 36.7 | 35.3 |
| Asset turnover | 2.11 | 1.97 | 0.68 | 0.74 | 0.83 | 0.79 | 0.79 | 0.81 |
| Return ratios | ||||||||
| Return on assets % | 32.5% | 33.5% | 11.6% | 12.6% | 13.9% | 13.1% | 13.4% | 18.9% |
| Return on capital employed % | 80.2% | 79% | 31.2% | 20.6% | 22.5% | 22.5% | 22.5% | 22.7% |
| Return on equity % | 77% | 82.1% | 16.8% | 18.1% | 20.2% | 20.1% | 21.6% | 30.9% |
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.