Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 47.2% | 47.5% | 46.3% | 42.6% | 45.2% | 57.7% |
| EBITDA margin % | 23.5% | 20.2% | 19.9% | 17.9% | 23.1% | 35.9% |
| EBIT margin % | 22.3% | 18.3% | 17.9% | 15.7% | 20.4% | 33.2% |
| PAT margin % | 15.9% | 13.8% | 13.5% | 6.8% | 15.9% | 26.6% |
| Working capital | ||||||
| Receivable days | 129 | 115 | 136 | 105 | 105 | 99 |
| Inventory days | 123 | 150 | 131 | 139 | 119 | 149 |
| Payable days | 172 | 158 | 157 | 119 | 103 | 99 |
| NWC days | 80 | 107 | 111 | 125 | 121 | 149 |
| Leverage | ||||||
| Current ratio | 1.3 | 3.32 | 2.89 | 1.74 | 3.91 | 3.82 |
| Debt to EBITDA | 1.7 | 0.01 | 0.03 | 1.69 | 0.04 | 0.06 |
| Debt to equity | 0.82 | 0 | 0.01 | 0.32 | 0.01 | 0.02 |
| Interest coverage | 13.8 | 15.3 | 47.5 | 20.2 | 35.8 | 148.6 |
| Asset turnover | 0.82 | 0.79 | 0.8 | 0.65 | 0.65 | 0.68 |
| Return ratios | ||||||
| Return on assets % | 13.1% | 10.9% | 10.9% | 4.4% | 10.4% | 18% |
| Return on capital employed % | 31.3% | 25.2% | 20.2% | 17% | 20.6% | 31.4% |
| Return on equity % | 32.3% | 13.8% | 14% | 7.2% | 12.2% | 21.6% |
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.