Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 49.3% | 53.4% | 53.7% | |||||
Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 49.3% | 53.4% | 53.7% | |||||
| 45.1% |
| 42.7% |
| 51.6% |
| 54.4% |
| 55.6% |
| EBITDA margin % | 19.3% | 21.6% | 23.1% | 18.6% | 16.8% | 21.9% | 22.9% | 24.1% |
| EBIT margin % | 17.5% | 19.3% | 20.3% | 16.2% | 14.5% | 19.1% | 20.2% | 21.4% |
| PAT margin % | 13.1% | 15.4% | 15.4% | 12.2% | 10.9% | 14.1% | 16% | 16.9% |
| Working capital | ||||||||
| Receivable days | 54 | 54 | 66 | 53 | 47 | 49 | 50 | 55 |
| Inventory days | 95 | 100 | 133 | 114 | 98 | 86 | 103 | 98 |
| Payable days | — | — | — | — | 57 | 70 | 85 | 86 |
| NWC days | — | — | — | — | 88 | 66 | 68 | 66 |
| Leverage | ||||||||
| Current ratio | 2.75 | 2.33 | 1.44 | 1.73 | 1.89 | 2.09 | 2.27 | 2.38 |
| Debt to EBITDA | 0.08 | 0.11 | 0.13 | 0.16 | 0.08 | 0.05 | 0.05 | 0.03 |
| Debt to equity | 0.03 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.01 |
| Interest coverage | 53 | 46.3 | 41.9 | 39.1 | 37 | 49 | 57.6 | 62.5 |
| Asset turnover | 1.2 | 1.12 | 0.83 | 1.04 | 1.12 | 1.02 | 0.94 | 0.95 |
| Return ratios | ||||||||
| Return on assets % | 15.7% | 17.2% | 12.8% | 12.7% | 12.2% | 14.4% | 15% | 16% |
| Return on capital employed % | 32.1% | 32.6% | 27.6% | 24.2% | 23.1% | 28.8% | 29% | 30% |
| Return on equity % | 22.4% | 25.2% | 20.1% | 18.8% | 17.9% | 20.8% | 21.5% | 22.8% |
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.