Consolidated figures
| Ratio | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 39.2% | 36.9% | 39% | 34.6% | ||||
| 33.3% |
| 36.2% |
| 37.4% |
| 37.9% |
| EBITDA margin % | 15.2% | 10.1% | 12.3% | 13.2% | 11.2% | 13.5% | 13.3% | 15.2% |
| EBIT margin % | 12.7% | 6.4% | 9% | 11% | 9.5% | 11.7% | 11.2% | 12.8% |
| PAT margin % | 8.9% | 4.2% | 6.8% | 8.2% | 7.2% | 8.5% | 7.9% | 8.8% |
| Working capital | ||||||||
| Receivable days | — | — | 58 | 61 | 12 | 28 | 25 | 11 |
| Inventory days | — | — | 116 | 102 | 77 | 84 | 82 | 74 |
| Payable days | — | — | 102 | 66 | 34 | 15 | 19 | 48 |
| NWC days | — | — | 71 | 97 | 55 | 97 | 88 | 37 |
| Leverage | ||||||||
| Current ratio | — | — | 1.28 | 1.44 | 2.11 | 1.59 | 1.36 | 1.31 |
| Debt to EBITDA | — | — | 0.87 | 0.79 | 0.07 | 0.48 | 0.42 | 0 |
| Debt to equity | — | — | 0.2 | 0.26 | 0.02 | 0.18 | 0.13 | 0 |
| Interest coverage | 7.7 | 5.2 | 18 | 69.6 | 93.1 | 75.7 | 74.5 | 26.2 |
| Asset turnover | — | — | 1.08 | 1.44 | 2.19 | 1.8 | 1.49 | 1.58 |
| Return ratios | ||||||||
| Return on assets % | — | — | 7.3% | 11.8% | 15.9% | 15.2% | 11.8% | 14% |
| Return on capital employed % | — | — | 17.1% | 28.7% | 29.9% | 32.6% | 26.3% | 31% |
| Return on equity % | — | — | 12.6% | 20.6% | 21.5% | 22.7% | 18.2% | 20.1% |
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.