Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 48.4% | 47.8% | 45% | 47.3% | 49.5% | 49.1% | 47.9% |
| EBITDA margin % | 26.2% | 27.2% | 28.8% | 20.9% | 23.5% | 24.9% | 24.1% | 24.2% |
| EBIT margin % | 23.3% | 24.5% | 26.6% | 18.7% | 21.6% | 22.4% | 20.8% | 19.8% |
| PAT margin % | 26.9% | 27.9% | 30% | 21.9% | 25.5% | 26.1% | 23.4% | 21.2% |
| Working capital | ||||||||
| Receivable days | 38 | — | 37 | 42 | 45 | 36 | 28 | 29 |
| Inventory days | 343 | — | 486 | 520 | 464 | 467 | 613 | 608 |
| Payable days | 2 | — | 242 | 157 | 150 | 155 | 286 | 241 |
| NWC days | 379 | — | 281 | 405 | 360 | 347 | 354 | 396 |
| Leverage | ||||||||
| Current ratio | 2.37 | — | 2.11 | 2.52 | 2.46 | 1.98 | 1.88 | 2.14 |
| Debt to EBITDA | 0.03 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.01 | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 421.3 | 569 | 630.5 | 1,714.5 | 1,505.7 | 1,337.6 | 1,565.3 | 927.6 |
| Asset turnover | 0.52 | — | 0.53 | 0.52 | 0.52 | 0.56 | 0.45 | 0.51 |
| Return ratios | ||||||||
| Return on assets % | 14% | — | 15.9% | 11.3% | 13.3% | 14.6% | 10.6% | 10.7% |
| Return on capital employed % | 22.3% | — | 25% | 17% | 20.9% | 23.8% | 20.9% | 18.2% |
| Return on equity % | 21.6% | — | 25% | 16.6% | 20% | 24.3% | 18.8% | 16.8% |
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.