Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 72.6% | 73% | 66.9% | 71.2% | 69% | 70.9% | 72.2% | 73.5% |
| EBITDA margin % | 38.3% | 39.8% | 34.6% | 39.9% | 22.8% | 24% | 27.7% | 31.6% |
| EBIT margin % | 31.8% | 32.5% | 28.5% | 34.1% | 15.4% | 15.8% | 19.7% | 24.5% |
| PAT margin % | 21.1% | 20.4% | 22.9% | 29.9% | 12.2% | 12.2% | 13.2% | 19.6% |
| Working capital | ||||||||
| Receivable days | 11 | 14 | 33 | 58 | 59 | 28 | 39 | 33 |
| Inventory days | 60 | 64 | 52 | 53 | 62 | 104 | 89 | 81 |
| Payable days | 25 | 68 | 56 | 36 | 57 | 88 | 146 | 109 |
| NWC days | 46 | 10 | 29 | 75 | 64 | 44 | -18 | 4 |
| Leverage | ||||||||
| Current ratio | 6.61 | 1.86 | 2.1 | 4.19 | 3.54 | 3.08 | 2.77 | 3.39 |
| Debt to EBITDA | 0.02 | 0.01 | 0 | 0 | 0 | 0.16 | 0 | 0 |
| Debt to equity | 0.01 | 0.01 | 0 | 0 | 0 | 0.04 | 0 | 0 |
| Interest coverage | 226.2 | 80.2 | 176.3 | 97.2 | 38.2 | 23.8 | 49.2 | 78.7 |
| Asset turnover | 0.85 | 0.92 | 0.91 | 0.97 | 0.83 | 0.89 | 0.99 | 1.11 |
| Return ratios | ||||||||
| Return on assets % | 17.9% | 18.8% | 20.7% | 29% | 10.2% | 10.8% | 13.1% | 21.8% |
| Return on capital employed % | 30% | 35.2% | 36.6% | 46.3% | 16.3% | 18% | 26.7% | 36.5% |
| Return on equity % | 19.6% | 24.1% | 26.5% | 33.5% | 12% | 13.2% | 16.6% | 27.8% |
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.