Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 29.7% | 27.8% | 25.2% | 26.6% | 29.7% | ||
Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 29.7% | 27.8% | 25.2% | 26.6% | 29.7% | ||
| 29.7% |
| 27.7% |
| EBITDA margin % | 9.7% | 7.6% | 6.5% | 9.4% | 13.1% | 13.2% | 11.7% |
| EBIT margin % | 5% | 3.3% | 3.3% | 7% | 9.4% | 9.5% | 8% |
| PAT margin % | 7.5% | 6.2% | 4.4% | 7% | 9.5% | 9.5% | 8% |
| Working capital | |||||||
| Receivable days | 10 | 7 | 8 | 10 | 12 | 16 | 11 |
| Inventory days | 22 | 22 | 20 | 18 | 19 | 23 | 31 |
| Payable days | 51 | 73 | 54 | 50 | 62 | 70 | 61 |
| NWC days | -20 | -44 | -26 | -21 | -31 | -31 | -19 |
| Leverage | |||||||
| Current ratio | 0.75 | 1.15 | 1.02 | 0.58 | 0.87 | 0.97 | 1.07 |
| Debt to EBITDA | 0.02 | 0.09 | 0.07 | 0.11 | 0 | 0 | 0 |
| Debt to equity | 0 | 0.01 | 0.01 | 0.02 | 0 | 0 | 0 |
| Interest coverage | 53 | 51.6 | 36.8 | 55.3 | 89.7 | 100.8 | 79.9 |
| Asset turnover | 1.19 | 0.99 | 1.18 | 1.39 | 1.23 | 1.16 | 1.23 |
| Return ratios | |||||||
| Return on assets % | 8.9% | 6.1% | 5.2% | 9.7% | 11.7% | 11% | 9.9% |
| Return on capital employed % | 13.6% | 9.8% | 8.3% | 16.9% | 22.6% | 20.5% | 17.8% |
| Return on equity % | 11.5% | 8.4% | 7% | 13.3% | 15.8% | 15.1% | 13.7% |
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.