Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 27.4% | 29% | 35.2% | 32.3% | 35.1% |
| EBITDA margin % | 8.7% | 10.9% | 16.8% | 12.5% | 13.7% |
| EBIT margin % | 6.3% | 10.3% | 14.2% | 9.4% | 10.5% |
| PAT margin % | 4.7% | 6.4% | 11.3% | 7.4% | 8.5% |
| Working capital | |||||
| Receivable days | 17 | 15 | 16 | 14 | 13 |
| Inventory days | 23 | 21 | 20 | 22 | 22 |
| Payable days | 13 | 14 | 14 | 14 | 12 |
| NWC days | 26 | 21 | 22 | 22 | 23 |
| Leverage | |||||
| Current ratio | 1.8 | 1.88 | 2.28 | 2.6 | 2.47 |
| Debt to EBITDA | 1.01 | 0.67 | 0.3 | 0.47 | 0.51 |
| Debt to equity | 0.17 | 0.15 | 0.1 | 0.11 | 0.13 |
| Interest coverage | 16.7 | 4.6 | 33.7 | 18.5 | 20.6 |
| Asset turnover | 1.46 | 1.55 | 1.52 | 1.35 | 1.34 |
| Return ratios | |||||
| Return on assets % | 6.9% | 10% | 17.2% | 10% | 11.4% |
| Return on capital employed % | 12.2% | 22.2% | 30.3% | 18.9% | 20.7% |
| Return on equity % | 9.3% | 13.3% | 21.6% | 14.1% | 15.8% |
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.