Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 65.3% | 55.3% | 59.1% | 65.7% | 74.3% | 70.7% |
| EBITDA margin % | 28.5% | 25.4% | 30.3% | 36.5% | 37.1% | 21.5% |
| EBIT margin % | 24.6% | 21.5% | 26.6% | 33.1% | 32.4% | 12.5% |
| PAT margin % | 19.7% | 17.1% | 17.4% | 23.4% | 22.7% | 6.7% |
| Working capital | ||||||
| Receivable days | 62 | 126 | 94 | 104 | 104 | 117 |
| Inventory days | 34 | 131 | 258 | 218 | 345 | 521 |
| Payable days | 4 | 6 | 18 | 28 | 24 | 11 |
| NWC days | 91 | 251 | 334 | 295 | 426 | 627 |
| Leverage | ||||||
| Current ratio | 3.89 | 3.19 | 2.8 | 3.24 | 4.84 | 3.72 |
| Debt to EBITDA | 0 | 0.48 | 0.6 | 0.14 | 0.23 | 0.72 |
| Debt to equity | 0 | 0.16 | 0.26 | 0.07 | 0.09 | 0.1 |
| Interest coverage | 13.3 | 15.9 | 8.5 | 18.1 | 27 | 5.4 |
| Asset turnover | 0.9 | 0.96 | 1.03 | 1.04 | 0.86 | 0.54 |
| Return ratios | ||||||
| Return on assets % | 17.7% | 16.5% | 18% | 24.3% | 19.5% | 3.7% |
| Return on capital employed % | 28.5% | 30.6% | 42% | 53.8% | 38.7% | 10% |
| Return on equity % | 23.1% | 21.8% | 25% | 32% | 23.8% | 4.4% |
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.