Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 54.3% | 54% | 54.9% | 53.4% | 54.5% | 56.2% | 56.4% |
| EBITDA margin % | 12.1% | 15.7% | 18.5% | 17.4% | 16.8% | 16.1% | 15.7% |
| EBIT margin % | 7% | 10.5% | 14.5% | 13.8% | 13.5% | 12.5% | 12% |
| PAT margin % | 5.9% | 8.3% | 11.7% | 11.5% | 11.6% | 11.7% | 10.4% |
| Working capital | |||||||
| Receivable days | 41 | 56 | 51 | 45 | 47 | 45 | 48 |
| Inventory days | 150 | 149 | 168 | 142 | 133 | 140 | 140 |
| Payable days | 128 | 173 | 106 | 75 | 88 | 92 | 95 |
| NWC days | 63 | 31 | 113 | 113 | 92 | 93 | 93 |
| Leverage | |||||||
| Current ratio | 1.62 | 1.7 | 2.77 | 2.36 | 2.1 | 2.19 | 1.78 |
| Debt to EBITDA | 0.49 | 0.23 | 0.23 | 0.24 | 0.25 | 0.34 | 0.38 |
| Debt to equity | 0.13 | 0.07 | 0.08 | 0.07 | 0.06 | 0.07 | 0.09 |
| Interest coverage | 7.3 | 17.6 | 38 | 49.5 | 45.3 | 37.2 | 28.9 |
| Asset turnover | 1.36 | 1.19 | 1.23 | 1.18 | 1.05 | 1 | 1.03 |
| Return ratios | |||||||
| Return on assets % | 8.1% | 9.8% | 14.3% | 13.5% | 12.1% | 11.8% | 10.6% |
| Return on capital employed % | 13.4% | 20% | 28% | 23.7% | 23.3% | 20.4% | 20.5% |
| Return on equity % | 12.9% | 15.1% | 21.7% | 18.5% | 16.5% | 15.9% | 14.8% |
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.