Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 58.2% | 65.3% | 56.1% | 58.3% | 57.9% | 44.1% |
| EBITDA margin % | 23.9% | 27.9% | 26.9% | 25.8% | 27.9% | 22.2% |
| EBIT margin % | 17.5% | 22.2% | 22.5% | 20.4% | 20.8% | 16.3% |
| PAT margin % | 8.7% | 14.3% | 13.5% | 11.4% | 11.1% | 9.4% |
| Working capital | ||||||
| Receivable days | 92 | 96 | 95 | 143 | 186 | 148 |
| Inventory days | 530 | 852 | 483 | 627 | 876 | 490 |
| Payable days | 215 | 225 | 167 | 247 | 348 | 261 |
| NWC days | 408 | 723 | 410 | 524 | 715 | 377 |
| Leverage | ||||||
| Current ratio | 2.59 | 2.43 | 2.6 | 1.69 | 1.42 | 1.43 |
| Debt to EBITDA | 2 | 2.68 | 1.83 | 2.68 | 3.29 | 3.46 |
| Debt to equity | 0.25 | 0.46 | 0.33 | 0.37 | 0.46 | 0.54 |
| Interest coverage | 2.5 | 8.2 | 5.9 | 3.7 | 2.8 | 2.7 |
| Asset turnover | 0.35 | 0.37 | 0.42 | 0.32 | 0.27 | 0.3 |
| Return ratios | ||||||
| Return on assets % | 3.1% | 5.3% | 5.7% | 3.6% | 3% | 2.8% |
| Return on capital employed % | 9% | 12.1% | 14% | 10.6% | 9.2% | 9.1% |
| Return on equity % | 4.5% | 8.8% | 9.1% | 6.1% | 5.6% | 6.7% |
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.