Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 30% | 39.8% | 46.7% | 43.4% | 44.2% |
| EBITDA margin % | 18% | 16.8% | 19.4% | 12.7% | 3.2% |
| EBIT margin % | 17.8% | 16.3% | 18.5% | 12.1% | 2.4% |
| PAT margin % | 17.1% | 13.7% | -1% | 8.6% | 0.5% |
| Working capital | |||||
| Receivable days | — | 58 | 84 | 138 | 184 |
| Inventory days | — | 189 | 233 | 173 | 202 |
| Payable days | — | 66 | 82 | 36 | 51 |
| NWC days | — | 182 | 235 | 275 | 335 |
| Leverage | |||||
| Current ratio | — | 3.64 | 3.88 | 4.45 | 4.04 |
| Debt to EBITDA | — | 0.21 | 0.38 | 1.39 | 6.55 |
| Debt to equity | — | 0.06 | 0.09 | 0.22 | 0.22 |
| Interest coverage | 390.4 | 114.8 | 25 | 10.8 | 2.4 |
| Asset turnover | — | 1.4 | 0.93 | 0.94 | 0.8 |
| Return ratios | |||||
| Return on assets % | — | 19.2% | -0.9% | 8.1% | 0.4% |
| Return on capital employed % | — | 30.8% | 21.5% | 13.7% | 3.5% |
| Return on equity % | — | 25.1% | -1.2% | 10.8% | 0.6% |
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.