Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 82.5% | 85% | 84.2% | 84.9% | 84.6% | 83.2% | 82% | 80.6% |
| EBITDA margin % | 18.2% | 22% | 25.9% | 21.9% | 16.8% | 18.3% | 16.5% | 19.2% |
| EBIT margin % | 12.4% | 15.6% | 19.8% | 16.7% | 12.2% | 13.9% | 11.2% | 14% |
| PAT margin % | 6.5% | 13.8% | 12.2% | 13.9% | 8% | 9.9% | 8% | 9.3% |
| Working capital | ||||||||
| Receivable days | 27 | — | 21 | 21 | 22 | 22 | 28 | 25 |
| Inventory days | 229 | — | 207 | 256 | 248 | 255 | 255 | 206 |
| Payable days | 1 | — | 234 | 269 | 271 | 260 | 248 | 217 |
| NWC days | 255 | — | -6 | 9 | -0 | 17 | 35 | 13 |
| Leverage | ||||||||
| Current ratio | 0.79 | — | 1.15 | 0.89 | 0.88 | 0.86 | 0.73 | 0.74 |
| Debt to EBITDA | 3.58 | — | 1.77 | 0.89 | 0.93 | 0.79 | 1.83 | 1.34 |
| Debt to equity | 0.86 | — | 0.46 | 0.2 | 0.18 | 0.17 | 0.33 | 0.3 |
| Interest coverage | 3.3 | 3.6 | 6.5 | 9.9 | 10 | 10.8 | 5.6 | 6.9 |
| Asset turnover | 0.49 | 0.85 | 0.52 | 0.63 | 0.69 | 0.7 | 0.57 | 0.63 |
| Return ratios | ||||||||
| Return on assets % | 3.2% | 11.7% | 6.3% | 8.7% | 5.6% | 6.9% | 4.5% | 5.8% |
| Return on capital employed % | 10.7% | — | 14.6% | 14.4% | 12.5% | 14.7% | 10.6% | 12.4% |
| Return on equity % | 8.6% | — | 12.4% | 14.5% | 9.3% | 11.6% | 8.5% | 10.7% |
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.