Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 41.9% | 42% | 41.4% | 40.2% | 41.2% | 42% | 43.3% |
| EBITDA margin % | 12.7% | 15% | 15.6% | 12.9% | 11.3% | 9.5% | 9.3% |
| EBIT margin % | 10.9% | 13.1% | 14% | 11% | 8.9% | 6.9% | 6.5% |
| PAT margin % | 8.9% | 10.8% | 11.2% | 9.1% | 8.4% | 4% | 5.3% |
| Working capital | |||||||
| Receivable days | — | 49 | 44 | 44 | 40 | 39 | 35 |
| Inventory days | — | 129 | 134 | 130 | 128 | 142 | 146 |
| Payable days | — | 65 | 89 | 60 | 56 | 55 | 62 |
| NWC days | — | 112 | 89 | 114 | 113 | 125 | 119 |
| Leverage | |||||||
| Current ratio | — | 3.31 | 2.88 | 3.76 | 3.83 | 3.79 | 3.5 |
| Debt to EBITDA | — | 0.12 | 0.09 | 0.11 | 0.15 | 0.2 | 0.2 |
| Debt to equity | — | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
| Interest coverage | 46.1 | 62.6 | 67 | 44.1 | 23.5 | 16.7 | 17.5 |
| Asset turnover | — | 1.07 | 1.13 | 1.07 | 0.98 | 1.07 | 1.09 |
| Return ratios | |||||||
| Return on assets % | — | 11.6% | 12.6% | 9.8% | 8.2% | 4.3% | 5.7% |
| Return on capital employed % | — | 19.6% | 24.3% | 18% | 14.5% | 12.2% | 12.4% |
| Return on equity % | — | 15.7% | 17.6% | 13% | 10.8% | 5.7% | 7.9% |
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.