Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | 32% | 31% | 33.8% | 35.1% |
| EBITDA margin % | 20.3% | 18.1% | 16% | 11.2% | 14.9% | 16% |
| EBIT margin % | 20.3% | 18.1% | 13.9% | 8.8% | 12.6% | 13.9% |
| PAT margin % | 15% | 13.6% | 10.1% | 9.1% | 12% | 11.7% |
| Working capital | ||||||
| Receivable days | 99 | 130 | 96 | 138 | 130 | 113 |
| Inventory days | 71 | 95 | 141 | 135 | 136 | 150 |
| Payable days | — | — | 33 | 37 | 67 | 44 |
| NWC days | — | — | 204 | 236 | 200 | 219 |
| Leverage | ||||||
| Current ratio | — | — | 4.64 | 4.6 | 4.19 | 7.78 |
| Debt to EBITDA | — | — | 0.14 | 0.69 | 0.49 | 0.01 |
| Debt to equity | — | — | 0.03 | 0.08 | 0.08 | 0 |
| Interest coverage | 41.5 | 36.9 | 32.8 | 38 | 36.8 | 46.6 |
| Asset turnover | 1.2 | 1.19 | 1.15 | 0.87 | 0.83 | 0.87 |
| Return ratios | ||||||
| Return on assets % | 18.1% | 16.2% | 11.6% | 8% | 10% | 10.2% |
| Return on capital employed % | — | — | 21.1% | 11.8% | 16.2% | 17.5% |
| Return on equity % | 22.4% | 24.3% | 13.9% | 9.7% | 12.5% | 11.4% |
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.