Consolidated figures
| Ratio | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | — | — | 56.3% | 51.9% | 46.5% | 53.3% | 47.3% |
| EBITDA margin % | 17.3% | 15.7% | 16.2% | 27.2% | 27.5% | 22.4% | 26.2% | 20.5% |
| EBIT margin % | 15.9% | 14.6% | 15% | 26.6% | 26.8% | 21.2% | 24.7% | 19% |
| PAT margin % | 13.3% | 13.7% | 14.7% | 20.7% | 22.5% | 20.4% | 24.3% | 23.3% |
| Working capital | ||||||||
| Receivable days | 32 | 27 | 26 | — | 21 | 26 | 33 | 18 |
| Inventory days | 44 | 39 | 39 | — | 195 | 80 | 210 | 102 |
| Payable days | 0 | 0 | 0 | — | 11 | 13 | 24 | 10 |
| NWC days | 76 | 66 | 64 | — | 204 | 93 | 218 | 110 |
| Leverage | ||||||||
| Current ratio | 17.21 | — | — | — | 9.56 | 13.2 | 8.76 | 20.85 |
| Debt to EBITDA | — | — | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | 680.7 | 2,421 | — | 4,999 | 750.7 | 5,224 | 326.9 | 806.3 |
| Asset turnover | 0.86 | 0.97 | 0.77 | — | 0.82 | 0.61 | 0.49 | 0.53 |
| Return ratios | ||||||||
| Return on assets % | 11.5% | 13.3% | 11.4% | — | 18.4% | 12.5% | 11.9% | 12.4% |
| Return on capital employed % | 18% | 19.7% | 15.9% | — | 26.2% | 18.9% | 18.5% | 15.5% |
| Return on equity % | 12.8% | 14.4% | 12.3% | — | 19.9% | 13.3% | 12.7% | 13% |
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.