Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 63.7% | 53.6% | 57.6% | 58% | 58.8% | 55.1% |
| EBITDA margin % | 41.5% | 35.7% | 38.3% | 37.3% | 40.2% | 39.9% |
| EBIT margin % | -3.7% | 28.2% | 29.6% | 29.3% | 33% | 33.2% |
| PAT margin % | 33.5% | 22.5% | 36.7% | 29.3% | -13.7% | 22.1% |
| Working capital | ||||||
| Receivable days | 240 | 154 | 270 | 237 | 373 | 197 |
| Inventory days | 202 | 97 | 115 | 100 | 92 | 86 |
| Payable days | — | — | 140 | 83 | 110 | 85 |
| NWC days | — | — | 245 | 254 | 354 | 198 |
| Leverage | ||||||
| Current ratio | 3.5 | 4.56 | 4.69 | 3.05 | 3.01 | 2.69 |
| Debt to EBITDA | 0.51 | 0.28 | 0.54 | 0.99 | 0.89 | 0.57 |
| Debt to equity | 0.04 | 0.03 | 0.05 | 0.11 | 0.11 | 0.1 |
| Interest coverage | -0.1 | 20 | 21.5 | 19 | 18.8 | 20.7 |
| Asset turnover | 0.17 | 0.26 | 0.22 | 0.22 | 0.24 | 0.34 |
| Return ratios | ||||||
| Return on assets % | 5.5% | 5.7% | 7.9% | 6.5% | -3.3% | 7.6% |
| Return on capital employed % | -0.1% | 8.3% | 8.4% | 10.1% | 11.8% | 16.7% |
| Return on equity % | 6.1% | 6.4% | 9.1% | 8.7% | -4.3% | 9.9% |
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.