Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 75% | 78.1% | 77.5% | 75.8% | 76.3% | 72.1% | 71.5% |
| EBITDA margin % | 16.8% | 22.3% | 23.3% | 25.2% | 22.3% | 20.2% | 19.3% | 19.9% |
| EBIT margin % | 12.4% | 13.3% | 12% | 16.3% | 12.9% | 9.6% | 9.4% | 9.8% |
| PAT margin % | 7.8% | 7.1% | 7% | 9.5% | 6.8% | 7.1% | 2.7% | 4.7% |
| Working capital | ||||||||
| Receivable days | — | 2 | 2 | 2 | 2 | 17 | 15 | 14 |
| Inventory days | — | 35 | 67 | 59 | 52 | 112 | 65 | 42 |
| Payable days | — | 166 | 268 | 198 | 164 | 251 | 145 | 138 |
| NWC days | — | -129 | -199 | -137 | -110 | -122 | -65 | -82 |
| Leverage | ||||||||
| Current ratio | — | 1.21 | 0.97 | 1 | 0.67 | 0.6 | 0.57 | 0.36 |
| Debt to EBITDA | — | 0 | 0 | 0.11 | 0.16 | 1.31 | 0.96 | 0.92 |
| Debt to equity | — | 0 | 0 | 0.06 | 0.09 | 0.69 | 0.71 | 0.76 |
| Interest coverage | — | 3.6 | 2.9 | 4.3 | 3.6 | 2 | 1.6 | 2.3 |
| Asset turnover | — | 1.17 | 0.88 | 0.92 | 0.96 | 0.7 | 0.95 | 0.99 |
| Return ratios | ||||||||
| Return on assets % | — | 8.3% | 6.1% | 8.7% | 6.6% | 4.9% | 2.5% | 4.6% |
| Return on capital employed % | — | 22.3% | 16.9% | 22.4% | 17.4% | 11.1% | 13.2% | 16% |
| Return on equity % | — | 24.8% | 16.2% | 21.5% | 17.3% | 18.4% | 10.3% | 19.4% |
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.