Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 90.3% | 93.9% | 91.4% | 90.1% | 91.7% |
| EBITDA margin % | 25.2% | 28.1% | 26.5% | 25.9% | 24% |
| EBIT margin % | 19.4% | 21.2% | 19.8% | 19.2% | 15.6% |
| PAT margin % | 14.1% | 15.5% | 15.3% | 15.4% | 12.2% |
| Working capital | |||||
| Receivable days | 115 | 100 | 116 | 123 | 131 |
| Inventory days | 151 | 233 | 238 | 122 | 122 |
| Payable days | — | 708 | 755 | 535 | 549 |
| NWC days | — | -374 | -401 | -291 | -296 |
| Leverage | |||||
| Current ratio | 2.21 | 2.96 | 2.93 | 2.62 | 2.56 |
| Debt to EBITDA | — | 0 | 0.09 | 0 | 0 |
| Debt to equity | — | 0 | 0.03 | 0 | 0 |
| Interest coverage | 21.9 | 21.4 | 29.8 | 28.4 | 22.3 |
| Asset turnover | 0.86 | 0.91 | 0.85 | 0.78 | 0.77 |
| Return ratios | |||||
| Return on assets % | 12.1% | 14.1% | 13.1% | 11.9% | 9.4% |
| Return on capital employed % | 22.2% | 26.6% | 25.1% | 22.7% | 17.2% |
| Return on equity % | 17.8% | 19% | 17.8% | 16.4% | 12.5% |
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.