Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 37.2% | 33.3% | 30.9% | 31.4% | 31% |
| EBITDA margin % | 31.3% | 27.9% | 25.7% | 26% | 19.2% |
| EBIT margin % | 30.6% | 27.2% | 24.9% | 25% | 17.8% |
| PAT margin % | 21.9% | 20.2% | 19.2% | 19% | 12.4% |
| Working capital | |||||
| Receivable days | 118 | 37 | 112 | 142 | 193 |
| Inventory days | 87 | 107 | 59 | 27 | 163 |
| Payable days | 69 | 16 | 5 | 8 | 24 |
| NWC days | 136 | 128 | 165 | 161 | 332 |
| Leverage | |||||
| Current ratio | 3.49 | 5.41 | 6.14 | 8.15 | 5.14 |
| Debt to EBITDA | 0.03 | 0.3 | 0.35 | 0.34 | 1.1 |
| Debt to equity | 0.01 | 0.09 | 0.09 | 0.09 | 0.15 |
| Interest coverage | 19.7 | 39.5 | 33.9 | 30.5 | 10.8 |
| Asset turnover | 0.71 | 0.84 | 0.82 | 0.83 | 0.55 |
| Return ratios | |||||
| Return on assets % | 15.6% | 17% | 15.7% | 15.8% | 6.9% |
| Return on capital employed % | 28.5% | 31.6% | 29.5% | 26.3% | 12.7% |
| Return on equity % | 20.6% | 22.2% | 19.1% | 18.8% | 8.6% |
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.