Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 64.5% | 65.7% | 65.2% | 62.9% | 66.1% | 66.4% | 68.7% |
| EBITDA margin % | 21.3% | 27.4% | 22.4% | 22.1% | 25.7% | 26.3% | 26.7% |
| EBIT margin % | 17.5% | 24.1% | 19.4% | 18.5% | 21.8% | 22% | 22.3% |
| PAT margin % | 15.4% | 22% | 15.9% | 13% | 15.9% | 16.8% | 17.1% |
| Working capital | |||||||
| Receivable days | 71 | 70 | 84 | 67 | 72 | 76 | 69 |
| Inventory days | 159 | 181 | 178 | 135 | 155 | 147 | 192 |
| Payable days | 97 | 97 | 97 | 75 | 110 | 114 | 110 |
| NWC days | 133 | 153 | 164 | 127 | 117 | 109 | 151 |
| Leverage | |||||||
| Current ratio | 3.43 | 4.5 | 3.32 | 2.8 | 2.15 | 3.06 | 4.98 |
| Debt to EBITDA | 0.08 | 0.06 | 0.05 | 0.79 | 0.4 | 0.01 | 0 |
| Debt to equity | 0.02 | 0.02 | 0.01 | 0.22 | 0.12 | 0 | 0 |
| Interest coverage | 119.4 | 83.4 | 99.6 | 16.4 | 18 | 76.7 | 176.9 |
| Asset turnover | 0.97 | 0.91 | 0.93 | 0.89 | 0.87 | 0.92 | 0.83 |
| Return ratios | |||||||
| Return on assets % | 15% | 20% | 14.8% | 11.5% | 13.8% | 15.4% | 14.3% |
| Return on capital employed % | 24% | 35.5% | 24.8% | 22.6% | 26% | 26.6% | 24.6% |
| Return on equity % | 19% | 24.8% | 18.1% | 16.5% | 18.9% | 19.2% | 17.1% |
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.