Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 54.8% | 56.6% | 51.6% | 57.2% | 59.1% | 55.1% | 55.9% |
| EBITDA margin % | 13.7% | 17.3% | 12.7% | 15.9% | 19.2% | 17.4% | 13.9% |
| EBIT margin % | 10.9% | 14.4% | 10.1% | 13.2% | 17.1% | 15% | 11.2% |
| PAT margin % | 7.2% | 10.2% | 8.8% | 12.9% | 13% | 11.8% | 10.3% |
| Working capital | |||||||
| Receivable days | — | — | — | 142 | 111 | 112 | 149 |
| Inventory days | — | — | — | 238 | 279 | 209 | 219 |
| Payable days | — | — | — | 125 | 120 | 92 | 117 |
| NWC days | — | — | — | 255 | 270 | 229 | 251 |
| Leverage | |||||||
| Current ratio | — | — | — | 1.6 | 1.86 | 1.91 | 2.04 |
| Debt to EBITDA | — | — | — | 1.18 | 0.73 | 0.64 | 0.82 |
| Debt to equity | — | — | — | 0.32 | 0.2 | 0.19 | 0.16 |
| Interest coverage | 3.7 | 4.7 | 5 | 6.7 | 8.5 | 9.3 | 8.1 |
| Asset turnover | — | — | — | 0.9 | 0.85 | 0.98 | 0.84 |
| Return ratios | |||||||
| Return on assets % | — | — | — | 11.5% | 11% | 11.6% | 8.6% |
| Return on capital employed % | — | — | — | 25.9% | 29.9% | 28.9% | 19.8% |
| Return on equity % | — | — | — | 21.7% | 19% | 20% | 14.5% |
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.