Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47.9% | 48.5% | 43.3% | 42.8% | 42.2% | 44.9% |
| EBITDA margin % | 16.2% | 22.2% | 19.8% | 18.9% | 18.8% | 19.6% |
| EBIT margin % | 12.6% | 18.4% | 17.2% | 15.8% | 15.6% | 16.5% |
| PAT margin % | 11.2% | 16% | 14.5% | 12.7% | 12.9% | 14% |
| Working capital | ||||||
| Receivable days | — | 77 | 68 | 78 | 79 | 98 |
| Inventory days | — | 71 | 82 | 93 | 95 | 102 |
| Payable days | — | 140 | 172 | 67 | 97 | 96 |
| NWC days | — | 7 | -22 | 105 | 78 | 104 |
| Leverage | ||||||
| Current ratio | — | 2.34 | 2.33 | 1.76 | 1.95 | 2.14 |
| Debt to EBITDA | — | 0.66 | 1 | 1.61 | 1.17 | 1.31 |
| Debt to equity | — | 0.15 | 0.25 | 0.35 | 0.23 | 0.23 |
| Interest coverage | 18.2 | 36.9 | 25.5 | 13.8 | 19.6 | 42.2 |
| Asset turnover | — | 0.72 | 0.76 | 0.76 | 0.73 | 0.62 |
| Return ratios | ||||||
| Return on assets % | — | 11.5% | 11% | 9.7% | 9.4% | 8.6% |
| Return on capital employed % | — | 21.6% | 24.6% | 21.1% | 19.5% | 17.6% |
| Return on equity % | — | 16.5% | 18.1% | 14.8% | 13.5% | 12.3% |
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.