Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 45.1% | 43.8% | 44.8% | 45.3% | 49.9% | 52.7% | 57.8% |
| EBITDA margin % | 21.3% | 22.1% | 21.6% | 23.8% | 26.3% | 27.3% | 25.3% |
| EBIT margin % | 17.3% | 18.3% | 17.7% | 20.3% | 22.3% | 22.9% | 19.3% |
| PAT margin % | 13.6% | 16.1% | 15.9% | 18.9% | 21.9% | 20.8% | 19.7% |
| Working capital | |||||||
| Receivable days | 70 | 56 | 60 | 47 | 52 | 84 | 126 |
| Inventory days | 158 | 149 | 178 | 144 | 124 | 95 | 157 |
| Payable days | 117 | 113 | 115 | 86 | 109 | 117 | 125 |
| NWC days | 111 | 93 | 122 | 105 | 66 | 62 | 157 |
| Leverage | |||||||
| Current ratio | 1.83 | 3.57 | 3.68 | 4.79 | 3.9 | 4.02 | 4.22 |
| Debt to EBITDA | 0.71 | 0.25 | 0.23 | 0 | 0.06 | 0.05 | 0.14 |
| Debt to equity | 0.19 | 0.05 | 0.04 | 0 | 0.01 | 0.01 | 0.02 |
| Interest coverage | 37.1 | 34.1 | 81.4 | 39.7 | 63.8 | 65.8 | 97.8 |
| Asset turnover | 0.8 | 0.65 | 0.68 | 0.77 | 0.71 | 0.65 | 0.5 |
| Return ratios | |||||||
| Return on assets % | 10.8% | 10.5% | 10.8% | 14.5% | 15.6% | 13.5% | 9.8% |
| Return on capital employed % | 20.2% | 21.7% | 17.1% | 21.5% | 23.4% | 22.1% | 14.4% |
| Return on equity % | 17.4% | 13.8% | 13.8% | 17.1% | 19.3% | 16.3% | 11.8% |
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.