Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 89.2% | 90.7% | 82.9% | 83.3% | 87.8% | 87.3% |
| EBITDA margin % | 33.7% | 43% | 41.9% | 41.2% | 38.8% | 37% |
| EBIT margin % | 27.3% | 38.9% | 38.4% | 37.3% | 34.6% | 30.6% |
| PAT margin % | 39.2% | 43.4% | 38.2% | 35.4% | 31.9% | 28.3% |
| Working capital | ||||||
| Receivable days | 68 | 79 | 76 | 101 | 105 | 136 |
| Inventory days | 61 | 156 | 93 | 48 | 95 | 104 |
| Payable days | 99 | 120 | 99 | 144 | 194 | 378 |
| NWC days | 30 | 116 | 69 | 5 | 5 | -138 |
| Leverage | ||||||
| Current ratio | 5.28 | 5.03 | 4.06 | 3.64 | 4.13 | 4.92 |
| Debt to EBITDA | 0 | 0 | 0.15 | 0.12 | 0.15 | 0 |
| Debt to equity | 0 | 0 | 0.03 | 0.03 | 0.03 | 0 |
| Interest coverage | 32.2 | 55.3 | 51 | 61.3 | 67.1 | 110.9 |
| Asset turnover | 0.36 | 0.39 | 0.42 | 0.48 | 0.49 | 0.46 |
| Return ratios | ||||||
| Return on assets % | 14% | 16.9% | 16% | 17% | 15.7% | 12.9% |
| Return on capital employed % | 21.6% | 28.5% | 27.9% | 29.2% | 28.8% | 22.9% |
| Return on equity % | 16.7% | 19.5% | 19.8% | 20.4% | 18.7% | 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.