Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 84.8% | 84.5% | 87.2% | 88.1% | 87.6% | 88.4% |
| EBITDA margin % | 44.1% | 44.1% | 39.6% | 40.3% | 40.1% | 41.4% |
| EBIT margin % | 30.7% | 32.7% | 26.2% | 29.9% | 29.7% | 30.1% |
| PAT margin % | 22.6% | 23.9% | 18.6% | 21.8% | 21.1% | 21.3% |
| Working capital | ||||||
| Receivable days | 6 | 8 | 8 | 11 | 8 | 9 |
| Inventory days | 17 | 22 | 13 | 29 | 21 | 19 |
| Payable days | 142 | 110 | 172 | 184 | 143 | 145 |
| NWC days | -118 | -81 | -152 | -144 | -114 | -117 |
| Leverage | ||||||
| Current ratio | 5.4 | 4.08 | 4.17 | 2.9 | 1.89 | 2.6 |
| Debt to EBITDA | 0.03 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 8.4 | 10 | 6.4 | 7.7 | 8.3 | 8 |
| Asset turnover | 0.7 | 0.65 | 0.54 | 0.56 | 0.54 | 0.54 |
| Return ratios | ||||||
| Return on assets % | 15.7% | 15.5% | 10% | 12.2% | 11.3% | 11.5% |
| Return on capital employed % | 25.6% | 28.6% | 18.7% | 21.8% | 21.9% | 21.3% |
| Return on equity % | 23.7% | 23.6% | 15.6% | 18.2% | 18.1% | 18.1% |
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.