Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 48.7% | 59% | 48.2% | 33.1% | 36.5% | 32.8% | 30.6% |
| EBITDA margin % | 21.2% | 27.3% | 22.2% | 13.1% | 15.3% | 12% | 10.3% |
| EBIT margin % | 17.7% | 21.9% | 18.4% | 10.7% | 12.6% | 9.1% | 7.4% |
| PAT margin % | 17.4% | 21.6% | 17.7% | 10.5% | 12.8% | 10.4% | 8.7% |
| Working capital | |||||||
| Receivable days | — | 17 | 22 | 21 | 24 | 16 | 19 |
| Inventory days | — | 7 | 4 | 2 | 2 | 2 | 2 |
| Payable days | — | 69 | 65 | 32 | 38 | 31 | 31 |
| NWC days | — | -44 | -39 | -9 | -12 | -14 | -11 |
| Leverage | |||||||
| Current ratio | — | 1.32 | 1.21 | 1 | 1.07 | 1.08 | 1.16 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 173.7 | 115.3 | 131.8 | 177.5 | 241.1 | 177.8 | 110.1 |
| Asset turnover | — | 0.6 | 0.76 | 1.24 | 1.09 | 1.06 | 1.05 |
| Return ratios | |||||||
| Return on assets % | — | 13% | 13.5% | 13% | 13.9% | 11% | 9.1% |
| Return on capital employed % | — | 19.5% | 23.7% | 23% | 23.9% | 17.1% | 14.5% |
| Return on equity % | — | 18.5% | 19.8% | 20.7% | 20.6% | 16.1% | 13.4% |
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.