Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 28.8% | 31% | 30.1% | 30% | 29% |
| EBITDA margin % | 11.6% | 14.5% | 15.2% | 15.2% | 12.9% |
| EBIT margin % | 6.1% | 10.1% | 10.3% | 10.2% | 7.3% |
| PAT margin % | 4.1% | 7.7% | 8.3% | 7.7% | 6% |
| Working capital | |||||
| Receivable days | 3 | 3 | 6 | 5 | 4 |
| Inventory days | 222 | 228 | 230 | 247 | 222 |
| Payable days | 74 | 65 | 50 | 37 | 45 |
| NWC days | 151 | 166 | 185 | 215 | 180 |
| Leverage | |||||
| Current ratio | 2.06 | 4.27 | 5.06 | 4.96 | 5.62 |
| Debt to EBITDA | 0.89 | 0.07 | 0.04 | 0.23 | 0 |
| Debt to equity | 0.26 | 0.01 | 0.01 | 0.04 | 0 |
| Interest coverage | 2.9 | 6.7 | 7.9 | 7.8 | 6 |
| Asset turnover | 1.14 | 0.9 | 0.85 | 0.89 | 0.73 |
| Return ratios | |||||
| Return on assets % | 4.6% | 6.9% | 7.1% | 6.8% | 4.4% |
| Return on capital employed % | 14.1% | 17.6% | 14.6% | 13.6% | 10.4% |
| Return on equity % | 10.1% | 9.5% | 9.4% | 9.8% | 6.5% |
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.