Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 14% | 20.5% | 14.1% | 9.9% | 11.9% | ||
| 13.1% |
| 14.7% |
| EBITDA margin % | 11.3% | 18.1% | 12.2% | 8.1% | 9.9% | 10.8% | 12.3% |
| EBIT margin % | 9.1% | 15.1% | 10.4% | 6.8% | 8.4% | 9.3% | 10.3% |
| PAT margin % | 7.6% | 11.3% | 8% | 5.8% | 6.9% | 7.8% | 9% |
| Working capital | |||||||
| Receivable days | — | 26 | 23 | 23 | 25 | 23 | 9 |
| Inventory days | — | 6 | 6 | 8 | 12 | 10 | 9 |
| Payable days | — | 18 | 15 | 11 | 23 | 21 | 7 |
| NWC days | — | 14 | 13 | 20 | 14 | 12 | 10 |
| Leverage | |||||||
| Current ratio | — | 3.93 | 3.18 | 4.08 | 3.1 | 3.74 | 5.67 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 8.9 | 12.8 | 15.4 | 14 | 17.4 | 21.3 | 22.6 |
| Asset turnover | — | 1.36 | 2.02 | 2.63 | 2.07 | 1.87 | 1.59 |
| Return ratios | |||||||
| Return on assets % | — | 15.4% | 16.1% | 15.2% | 14.3% | 14.6% | 14.3% |
| Return on capital employed % | — | 25.2% | 27.4% | 24% | 24.4% | 24.6% | 22.1% |
| Return on equity % | — | 24.9% | 25.2% | 22.7% | 21% | 20% | 17.6% |
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.