Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 32.1% | 18.3% | 19.9% | 19.9% | 23.7% | 26.1% | 23.6% |
| EBITDA margin % | 11.1% | 7.4% | 10.1% | 10.4% | 12.9% | 14% | 12.3% |
| EBIT margin % | 6.5% | 4.9% | 8.3% | 8.7% | 11% | 11.9% | 10.5% |
| PAT margin % | 6.1% | 3.8% | 6.6% | 7.7% | 10.7% | 11.1% | 10.2% |
| Working capital | |||||||
| Receivable days | 50 | 68 | 45 | 45 | 30 | 37 | 39 |
| Inventory days | 67 | 36 | 27 | 34 | 34 | 36 | 40 |
| Payable days | 2 | 121 | 84 | 87 | 84 | 94 | 109 |
| NWC days | 114 | -17 | -13 | -8 | -21 | -22 | -30 |
| Leverage | |||||||
| Current ratio | 1.64 | 1.44 | 1.84 | 1.87 | 1.77 | 2.23 | 1.98 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 85.4 | 74.6 | 146.4 | 145.1 | 179.5 | 107.2 | 101.9 |
| Asset turnover | 1.39 | 1.79 | 2.12 | 1.94 | 1.73 | 1.61 | 1.53 |
| Return ratios | |||||||
| Return on assets % | 8.4% | 6.9% | 14% | 15% | 18.4% | 17.9% | 15.6% |
| Return on capital employed % | 20.9% | 25.8% | 41.7% | 40.1% | 43.4% | 39% | 35.3% |
| Return on equity % | 14.4% | 15.5% | 26% | 27.5% | 29.8% | 29.7% | 26.3% |
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.