Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 37% | 41.5% | 38.8% | 40.4% | 39.2% | ||
| 38.7% |
| 40% |
| EBITDA margin % | 12.3% | 15.7% | 15.2% | 17.4% | 15.7% | 14.7% | 11.9% |
| EBIT margin % | 10.3% | 13.6% | 13.6% | 15.9% | 14.1% | 13% | 9.9% |
| PAT margin % | 10.2% | 11.2% | 10.8% | 12.2% | 12.1% | 11.5% | 7.1% |
| Working capital | |||||||
| Receivable days | — | 80 | 68 | 58 | 60 | 63 | 70 |
| Inventory days | — | 109 | 110 | 98 | 90 | 106 | 52 |
| Payable days | — | 135 | 83 | 86 | 94 | 80 | 89 |
| NWC days | — | 54 | 96 | 69 | 56 | 88 | 33 |
| Leverage | |||||||
| Current ratio | — | 2.35 | 2.87 | 3.08 | 2.95 | 2.82 | 2.06 |
| Debt to EBITDA | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 41.8 | 187.1 | 256.3 | 486.4 | 609.1 | 1,091.1 | 1,362.8 |
| Asset turnover | — | 1.16 | 1.4 | 1.35 | 1.25 | 1.38 | 1.81 |
| Return ratios | |||||||
| Return on assets % | — | 12.9% | 15.1% | 16.5% | 15.1% | 15.9% | 12.8% |
| Return on capital employed % | — | 24.8% | 30.1% | 34% | 28.9% | 28.4% | 23.7% |
| Return on equity % | — | 19% | 20.9% | 22.4% | 20.6% | 21.8% | 20% |
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.