Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 96.2% | — | 94.3% | 96.6% | 99% | — | 98.2% |
| EBITDA margin % | — | 26.7% | 27.1% | 27.2% | 31.4% | 26.5% | 23.2% | 22.9% |
| EBIT margin % | — | 24.8% | 24.3% | 24.7% | 25.8% | 24% | 20.4% | 20.2% |
| PAT margin % | 23.9% | 25.6% | 23.9% | 20.2% | 21.7% | 20.2% | 19.1% | 18.8% |
| Working capital | ||||||||
| Receivable days | 109 | 124 | 115 | 101 | 126 | 134 | 122 | 141 |
| Inventory days | — | 41 | 77 | 287 | 127 | 73 | 17 | 293 |
| Payable days | — | 33 | 80 | 438 | 1,244 | 3,238 | 78 | 2,709 |
| NWC days | — | 132 | 112 | -49 | -990 | -3,032 | 60 | -2,276 |
| Leverage | ||||||||
| Current ratio | 1.68 | 1.73 | 1.55 | 1.55 | 1.64 | 1.65 | 1.53 | 1.67 |
| Debt to EBITDA | — | 0.05 | 0.06 | 0.03 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | 19.2 | 126.2 | 99.4 | 102.3 | 110.9 | 143.3 | 96.3 | 157.3 |
| Asset turnover | 0.38 | 0.42 | 0.32 | 0.46 | 0.44 | 0.43 | 0.36 | 0.41 |
| Return ratios | ||||||||
| Return on assets % | 9% | 10.7% | 7.6% | 9.3% | 9.6% | 8.7% | 6.9% | 7.7% |
| Return on capital employed % | 5.9% | 30.4% | 20.7% | 26.7% | 26.8% | 22.7% | 19.1% | 19.3% |
| Return on equity % | 20.2% | 24% | 18.6% | 21.6% | 21.9% | 19% | 16% | 16.9% |
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.