Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 19.6% | 20.2% | 32.8% | 34.8% | 35.9% |
| EBITDA margin % | 5.7% | 9.8% | 21.3% | 27.2% | 27.1% |
| EBIT margin % | 4.9% | 9.4% | 20.9% | 26.8% | 26.2% |
| PAT margin % | 5.5% | 10.8% | 16.7% | 22.1% | 23.4% |
| Working capital | |||||
| Receivable days | 161 | 171 | 142 | 129 | 140 |
| Inventory days | 66 | 70 | 87 | 59 | 75 |
| Payable days | 157 | 75 | 78 | 71 | 32 |
| NWC days | 70 | 166 | 151 | 117 | 182 |
| Leverage | |||||
| Current ratio | 1.58 | 2 | 3.69 | 3.19 | 3.54 |
| Debt to EBITDA | 3.04 | 1.73 | 0.41 | 0.14 | 0.42 |
| Debt to equity | 0.31 | 0.29 | 0.09 | 0.03 | 0.08 |
| Interest coverage | 2.5 | 8.5 | 9.3 | 24.2 | 19.6 |
| Asset turnover | 0.8 | 0.97 | 0.79 | 0.74 | 0.6 |
| Return ratios | |||||
| Return on assets % | 4.4% | 10.5% | 13.1% | 16.3% | 14% |
| Return on capital employed % | 18.1% | 34.6% | 34.2% | 32% | 23.9% |
| Return on equity % | 9.8% | 18.8% | 16.9% | 19.4% | 16.2% |
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.