Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 57.1% | 58.8% | 55.6% | 54.4% | 56.9% | 56.5% | 53.1% |
| EBITDA margin % | 23.3% | 28.2% | 26.2% | 26% | 28.3% | 27.4% | 24.7% |
| EBIT margin % | 16.9% | 22% | 19.6% | 19.4% | 21.4% | 20.3% | 18.3% |
| PAT margin % | 35.2% | 13.7% | 17% | 14.8% | 16.3% | 16.9% | 14.1% |
| Working capital | |||||||
| Receivable days | 82 | 97 | 76 | 83 | 74 | 72 | 94 |
| Inventory days | 161 | 173 | 140 | 97 | 92 | 82 | 107 |
| Payable days | 14 | 127 | 85 | 74 | 79 | 77 | 80 |
| NWC days | 229 | 143 | 132 | 105 | 87 | 78 | 121 |
| Leverage | |||||||
| Current ratio | 1.93 | 1.8 | 2.54 | 2.36 | 2.12 | 6.94 | 3.4 |
| Debt to EBITDA | 1.08 | 0.83 | 0.13 | 0.42 | 0.26 | 0.01 | 0.22 |
| Debt to equity | 0.22 | 0.27 | 0.04 | 0.13 | 0.09 | 0 | 0.04 |
| Interest coverage | 7 | 10.7 | 23.9 | 31.3 | 27.4 | 28.1 | 39 |
| Asset turnover | 0.56 | 0.71 | 0.82 | 0.87 | 0.82 | 0.54 | 0.6 |
| Return ratios | |||||||
| Return on assets % | 19.7% | 9.8% | 13.9% | 12.9% | 13.4% | 9.2% | 8.4% |
| Return on capital employed % | 11.9% | 21.2% | 22.1% | 22.4% | 24.7% | 18.5% | 14.6% |
| Return on equity % | 31% | 15.6% | 18.1% | 17.3% | 19.5% | 10.9% | 10.5% |
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.