Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 44.2% | 46.1% | 49.3% | 44.8% | 48.1% | 50.5% | 50.1% | 46.8% |
| EBITDA margin % | 18% | 19% | 21% | 19.1% | 18.7% | 19.3% | 21.8% | 20.7% |
| EBIT margin % | 15.6% | 16.6% | 18.1% | 16.7% | 17.1% | 18% | 20.5% | 19.1% |
| PAT margin % | 11.9% | 14.9% | 14.6% | 31.7% | 15.5% | 16.3% | 17.9% | 16% |
| Working capital | ||||||||
| Receivable days | 77 | 56 | 40 | 43 | 38 | 39 | 66 | 107 |
| Inventory days | 169 | 143 | 164 | 125 | 113 | 101 | 71 | 77 |
| Payable days | 91 | 51 | 76 | 85 | 64 | 78 | 125 | 176 |
| NWC days | 155 | 148 | 127 | 84 | 86 | 62 | 12 | 8 |
| Leverage | ||||||||
| Current ratio | 1.61 | 1.96 | 2.25 | 2.29 | 1.86 | 1.99 | 2.22 | 1.98 |
| Debt to EBITDA | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 131.5 | 45.1 | 128.5 | 168.5 | 259.1 | 135.4 | 169.4 | 189.5 |
| Asset turnover | 1.13 | 0.99 | 0.75 | 0.64 | 0.93 | 1 | 0.99 | 0.87 |
| Return ratios | ||||||||
| Return on assets % | 13.5% | 14.8% | 10.9% | 20.2% | 14.4% | 16.3% | 17.8% | 14% |
| Return on capital employed % | 32.1% | 30% | 24.5% | 22.6% | 31.1% | 40.9% | 43.5% | 35.7% |
| Return on equity % | 23.1% | 23% | 16.1% | 31.5% | 25.4% | 28.1% | 29.5% | 24.2% |
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.