Consolidated figures
| Ratio | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 55.3% | 59.3% | 52.4% | 50.7% | 50.9% | 53.5% | 36.7% | 36.1% |
| EBITDA margin % | 10.8% | 10.1% | 11.1% | 10.9% | 12.7% | 14% | 11.6% | 11.4% |
| EBIT margin % | 9.2% | 7.6% | 8.9% | 8.9% | 11.1% | 12.5% | 9.9% | 9.7% |
| PAT margin % | 8% | 7.7% | 8% | 9.6% | 10% | 12.2% | 12.1% | 11.1% |
| Working capital | ||||||||
| Receivable days | — | — | 99 | 86 | 88 | 72 | 63 | 57 |
| Inventory days | — | — | 100 | 99 | 95 | 93 | 66 | 60 |
| Payable days | — | — | 206 | 186 | 161 | 166 | 124 | 94 |
| NWC days | — | — | -7 | -0 | 22 | -1 | 5 | 23 |
| Leverage | ||||||||
| Current ratio | — | — | 1.92 | 1.91 | 2.08 | 2.26 | 2.54 | 2.57 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 142.8 | 36.1 | 58.7 | 48.2 | 116.8 | 61.2 | 152.1 | 93.6 |
| Asset turnover | — | — | 0.76 | 0.8 | 0.88 | 0.88 | 0.87 | 1.17 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6.1% | 7.7% | 8.8% | 10.7% | 10.5% | 12.9% |
| Return on capital employed % | — | — | 12.9% | 15% | 20.5% | 24.4% | 15.1% | 22% |
| Return on equity % | — | — | 10.5% | 13.3% | 15% | 17.7% | 15.9% | 19.9% |
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.