Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 75.9% | 67.2% | 65.2% | 65% | 63.7% | 62.7% |
| EBITDA margin % | 50.5% | 43.8% | 43% | 42% | 40.1% | 37.1% |
| EBIT margin % | 47.2% | 40.1% | 39.1% | 36.2% | 33% | 29% |
| PAT margin % | 38.7% | 33.4% | 31.5% | 30.8% | 27.4% | 24% |
| Working capital | ||||||
| Receivable days | 53 | 82 | 57 | 76 | 77 | 79 |
| Inventory days | 156 | 143 | 122 | 163 | 156 | 157 |
| Payable days | 180 | 166 | 90 | 143 | 103 | 118 |
| NWC days | 29 | 59 | 89 | 96 | 129 | 118 |
| Leverage | ||||||
| Current ratio | 3.87 | 4.15 | 5.46 | 4.12 | 5.14 | 5.01 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 2,971 | 2,033 | 1,979.2 | 352.1 | 850.4 | 885.8 |
| Asset turnover | 0.78 | 0.74 | 0.81 | 0.57 | 0.6 | 0.54 |
| Return ratios | ||||||
| Return on assets % | 30.1% | 24.7% | 25.6% | 17.5% | 16.4% | 12.9% |
| Return on capital employed % | 47.9% | 45.3% | 43.4% | 28.8% | 26.6% | 20.2% |
| Return on equity % | 36.8% | 29.7% | 29.2% | 20.3% | 18.7% | 14.5% |
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.