Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 76% | 77.2% | 75.9% | 67.2% | 53.2% | 53.1% |
| EBITDA margin % | 30.3% | 37.1% | 35.1% | 29.4% | 23.9% | 22.7% |
| EBIT margin % | 23.7% | 29.9% | 28.7% | 23.8% | 19.3% | 17.8% |
| PAT margin % | 19.3% | 22.5% | 24.6% | 20.5% | 16.8% | 15.7% |
| Working capital | ||||||
| Receivable days | 41 | 88 | 99 | 101 | 102 | 98 |
| Inventory days | 8 | 19 | 6 | 9 | 2 | 4 |
| Payable days | 40 | 78 | 111 | 71 | 47 | 67 |
| NWC days | 9 | 30 | -6 | 38 | 57 | 36 |
| Leverage | ||||||
| Current ratio | 1.32 | 1.33 | 4.43 | 5.8 | 4.38 | 2.76 |
| Debt to EBITDA | 0.77 | 0.67 | 0.29 | 0.07 | 0 | 0.15 |
| Debt to equity | 0.29 | 0.3 | 0.06 | 0.01 | 0 | 0.03 |
| Interest coverage | 38.1 | 10.6 | 22.6 | 31.9 | 93.6 | 26.9 |
| Asset turnover | 0.69 | 0.7 | 0.54 | 0.5 | 0.6 | 0.58 |
| Return ratios | ||||||
| Return on assets % | 13.2% | 15.8% | 13.3% | 10.2% | 10% | 9.1% |
| Return on capital employed % | 20.3% | 32.1% | 25.9% | 17.7% | 15% | 14.9% |
| Return on equity % | 23.6% | 27% | 15.6% | 11.6% | 11.7% | 12.1% |
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.