Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 82.6% | 83.7% | 83% | 78.2% | 76.8% | 76.5% | 76% |
| EBITDA margin % | 5.5% | 3.8% | 5.2% | 5.1% | 7.7% | 8.2% | 8.2% |
| EBIT margin % | 4.5% | 2.7% | 4.2% | 4.1% | 6.6% | 7.2% | 7.2% |
| PAT margin % | 2.2% | 1.3% | 2.6% | 4.1% | 5.4% | 5.8% | 6.6% |
| Working capital | |||||||
| Receivable days | 29 | 29 | 28 | 32 | 43 | 46 | 47 |
| Inventory days | 140 | 168 | 149 | 134 | 125 | 132 | 146 |
| Payable days | 3 | 116 | 109 | 107 | 118 | 128 | 130 |
| NWC days | 165 | 81 | 68 | 59 | 49 | 49 | 63 |
| Leverage | |||||||
| Current ratio | 0.97 | 1.36 | 1.67 | 1.72 | 1.89 | 1.95 | 2.05 |
| Debt to EBITDA | 1.03 | 0.83 | 0.21 | 0 | 0.01 | 0 | 0 |
| Debt to equity | 0.43 | 0.21 | 0.07 | 0 | 0 | 0 | 0 |
| Interest coverage | 6.2 | 4.2 | 15.2 | 11.6 | 25.7 | 25.8 | 15.7 |
| Asset turnover | 3.26 | 3.21 | 3.49 | 2.85 | 2.31 | 2.06 | 1.92 |
| Return ratios | |||||||
| Return on assets % | 7% | 4.2% | 9.1% | 11.5% | 12.5% | 11.9% | 12.7% |
| Return on capital employed % | 33.9% | 19.7% | 28.9% | 21.5% | 28.9% | 28.9% | 27.2% |
| Return on equity % | 16.6% | 8.8% | 16.4% | 18.8% | 19.8% | 19.5% | 20.5% |
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.