Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 39.6% | 39.9% | 44.9% | 46.7% | 54.1% |
| EBITDA margin % | |||||
Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 39.6% | 39.9% | 44.9% | 46.7% | 54.1% |
| EBITDA margin % | |||||
| 13.7% |
| 17.6% |
| 20.8% |
| 22% |
| 20.3% |
| EBIT margin % | 13.7% | 14.4% | 16.9% | 17.8% | 14.6% |
| PAT margin % | 10.2% | 10% | 11.7% | 12.9% | 9.6% |
| Working capital | |||||
| Receivable days | — | 83 | 102 | 99 | 117 |
| Inventory days | — | 188 | 230 | 190 | 280 |
| Payable days | — | 108 | 135 | 90 | 146 |
| NWC days | — | 162 | 197 | 200 | 251 |
| Leverage | |||||
| Current ratio | — | 1.95 | 1.94 | 2.01 | 1.49 |
| Debt to EBITDA | — | 0.63 | 0.68 | 0.85 | 1.86 |
| Debt to equity | — | 0.14 | 0.15 | 0.2 | 0.32 |
| Interest coverage | 14 | 13.4 | 18.5 | 14.4 | 5.9 |
| Asset turnover | — | 0.87 | 0.72 | 0.73 | 0.52 |
| Return ratios | |||||
| Return on assets % | — | 8.7% | 8.4% | 9.4% | 5% |
| Return on capital employed % | — | 17.2% | 18% | 18.7% | 11.5% |
| Return on equity % | — | 12.4% | 12.3% | 13.7% | 8.2% |
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.