Consolidated figures
| Ratio | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | 66.8% | 65.1% | 63.3% | 65% | 66.1% | 63.8% | 63.9% | 62.8% |
| EBITDA margin % | 18.1% | 11.2% | 16.1% | 23.3% | 26.7% | 24.5% | 22.5% | 13.6% |
| EBIT margin % | 11.9% | 4.4% | 9.6% | 18.5% | 22.9% | 20.8% | 18.2% | 7.3% |
| PAT margin % | 9.4% | 7.1% | 9.4% | 15.1% | 19.1% | 18.1% | 16.9% | 6.2% |
| Working capital | ||||||||
| Receivable days | — | — | 97 | 70 | 70 | 86 | 107 | 84 |
| Inventory days | — | — | 181 | 165 | 175 | 160 | 162 | 220 |
| Payable days | — | — | 181 | 135 | 121 | 112 | 134 | 136 |
| NWC days | — | — | 97 | 100 | 124 | 134 | 135 | 168 |
| Leverage | ||||||||
| Current ratio | — | — | 3 | 3.56 | 4.4 | 4.47 | 3.35 | 3.88 |
| Debt to EBITDA | — | — | 0.05 | 0.02 | 0 | 0 | 0.02 | 0 |
| Debt to equity | — | — | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Interest coverage | — | 454.7 | 567.7 | 1,846.5 | 2,652 | — | 1,025.6 | 761.7 |
| Asset turnover | — | — | 0.74 | 0.88 | 0.92 | 0.89 | 0.78 | 0.77 |
| Return ratios | ||||||||
| Return on assets % | — | — | 6.9% | 13.3% | 17.5% | 16% | 13.1% | 4.8% |
| Return on capital employed % | — | — | 11.8% | 24% | 30% | 26.8% | 22.3% | 9.1% |
| Return on equity % | — | — | 8.9% | 16.7% | 21.2% | 19.3% | 16.2% | 5.7% |
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.