Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 30.5% | 27.5% | 23.9% | 27% | 27.4% | 25.6% |
| EBITDA margin % | 12.5% | 9.4% | 6.8% | 9.2% | 10.2% | 7.5% |
| EBIT margin % | 9.9% | 7.1% | 4.6% | 7% | 8.2% | 5.5% |
| PAT margin % | 6.5% | 5.9% | 4.4% | 5.3% | 7% | 6.5% |
| Working capital | ||||||
| Receivable days | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory days | 26 | 27 | 20 | 62 | 22 | 18 |
| Payable days | 23 | 23 | 22 | 24 | 21 | 22 |
| NWC days | 4 | 5 | -0 | 40 | 2 | -3 |
| Leverage | ||||||
| Current ratio | 2.07 | 2.15 | 2.2 | 2.7 | 3.71 | 2.44 |
| Debt to EBITDA | 0.27 | 0.06 | 0.11 | 0.16 | 0.11 | 0.1 |
| Debt to equity | 0.1 | 0.02 | 0.02 | 0.04 | 0.03 | 0.02 |
| Interest coverage | 16.7 | 26.4 | 126.5 | 102.6 | 96.9 | 85.8 |
| Asset turnover | 2 | 2.06 | 2.25 | 2.12 | 2.15 | 1.97 |
| Return ratios | ||||||
| Return on assets % | 13% | 12.2% | 9.8% | 11.3% | 15% | 12.7% |
| Return on capital employed % | 25.5% | 20.5% | 15.8% | 21.9% | 26.7% | 17.6% |
| Return on equity % | 19.1% | 15.8% | 12.6% | 14.6% | 18.5% | 15.9% |
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.