Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 35.8% | 28.4% | 31.9% | 32.4% | 33.2% |
| EBITDA margin % | 12% | 7.1% | 10.7% | 10.5% | 10.5% |
| EBIT margin % | 11% | 6.4% | 9.9% | 9.6% | 9.5% |
| PAT margin % | 7.4% | 4.2% | 6.2% | 6.2% | 6.4% |
| Working capital | |||||
| Receivable days | 73 | 66 | 55 | 74 | 89 |
| Inventory days | 69 | 78 | 74 | 70 | 79 |
| Payable days | 95 | 54 | 55 | 46 | 60 |
| NWC days | 48 | 90 | 75 | 98 | 109 |
| Leverage | |||||
| Current ratio | 1.67 | 1.91 | 2.18 | 2.41 | 3.12 |
| Debt to EBITDA | 1.39 | 1.79 | 1.23 | 1.12 | 0.46 |
| Debt to equity | 0.52 | 0.44 | 0.39 | 0.3 | 0.09 |
| Interest coverage | 5.6 | 4.7 | 5.1 | 6.6 | 10 |
| Asset turnover | 1.45 | 1.82 | 1.66 | 1.59 | 1.35 |
| Return ratios | |||||
| Return on assets % | 10.7% | 7.7% | 10.2% | 9.8% | 8.7% |
| Return on capital employed % | 30.6% | 22.2% | 29.9% | 24.4% | 18.5% |
| Return on equity % | 23.2% | 14.7% | 18.1% | 15.9% | 12.5% |
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.