Consolidated figures
| Ratio | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 93.3% | 66.2% | 62.1% | 59.5% | 62.1% | 64.5% | 60.8% | 63.8% |
| EBITDA margin % | 35.4% | 37.5% | 32% | 31.7% | 33.5% | 34.2% | 31.8% | 30.4% |
| EBIT margin % | 35.4% | 34.3% | 28.9% | 29% | 31.2% | 31.8% | 29.8% | 28.5% |
| PAT margin % | 25.1% | 30.3% | 25.2% | 23.8% | 25.5% | 27% | 43% | 23.4% |
| Working capital | ||||||||
| Receivable days | 18 | 18 | 17 | 14 | 14 | 19 | 21 | 16 |
| Inventory days | 1,174 | 187 | 189 | 150 | 148 | 190 | 178 | 209 |
| Payable days | 273 | — | 78 | 61 | 59 | 64 | 55 | 63 |
| NWC days | 919 | — | 127 | 103 | 104 | 144 | 145 | 162 |
| Leverage | ||||||||
| Current ratio | — | — | 3.26 | 2.81 | 2.89 | 3 | 3.06 | 3.04 |
| Debt to EBITDA | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0.08 |
| Debt to equity | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 |
| Interest coverage | 265 | 369.7 | 403.5 | 527.5 | 598.1 | 591.1 | 596.1 | 329.1 |
| Asset turnover | 0.85 | 0.66 | 0.72 | 0.84 | 0.89 | 0.84 | 0.93 | 0.96 |
| Return ratios | ||||||||
| Return on assets % | 21.3% | 20.2% | 18.1% | 20.1% | 22.7% | 22.6% | 39.8% | 22.4% |
| Return on capital employed % | — | — | 28.5% | 32.4% | 37.7% | 36.2% | 35.4% | 37.2% |
| Return on equity % | 25.9% | 23.9% | 22.2% | 24.8% | 28.2% | 27.9% | 50.1% | 29% |
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.