Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 33.6% | 31.9% | 31% | 30.1% | 33.6% | 36.3% | 36.3% |
| EBITDA margin % | 10.3% | 11.5% | 9.7% | 7.8% | 8.8% | 9.2% | 8.8% |
| EBIT margin % | 9.1% | 10% | 8.3% | 6.2% | 7.1% | 7.5% | 7% |
| PAT margin % | 7.5% | 7.4% | 6.5% | 4.6% | 5.3% | 5.6% | 5.2% |
| Working capital | |||||||
| Receivable days | 47 | 52 | 51 | 50 | 45 | 35 | 33 |
| Inventory days | 105 | 124 | 130 | 97 | 92 | 102 | 98 |
| Payable days | 67 | 94 | 69 | 62 | 62 | 67 | 71 |
| NWC days | 85 | 83 | 112 | 86 | 74 | 70 | 60 |
| Leverage | |||||||
| Current ratio | 2.59 | 2.39 | 2.48 | 1.84 | 1.67 | 1.75 | 1.84 |
| Debt to EBITDA | 0.05 | 0.04 | 0.03 | 1.31 | 0.68 | 0.02 | 0.02 |
| Debt to equity | 0.01 | 0.01 | 0.01 | 0.26 | 0.16 | 0.01 | 0 |
| Interest coverage | 61 | 48.2 | 38.3 | 16.8 | 9.6 | 17.9 | 35.7 |
| Asset turnover | 1.72 | 1.45 | 1.66 | 1.42 | 1.54 | 1.67 | 1.61 |
| Return ratios | |||||||
| Return on assets % | 12.9% | 10.8% | 10.8% | 6.5% | 8.1% | 9.4% | 8.3% |
| Return on capital employed % | 24.3% | 25.3% | 21.9% | 15.2% | 17.9% | 19.6% | 17.9% |
| Return on equity % | 18.9% | 16.7% | 16.2% | 11.8% | 14.2% | 15% | 13% |
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.