Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 36% | 43% | 45.5% | 47.8% |
| EBITDA margin % | 29.8% | 36.6% | 35.7% | 33.8% |
| EBIT margin % | 28.9% | 35% | 33.8% | 31.9% |
| PAT margin % | 22.6% | 28.4% | 26.9% | 23% |
| Working capital | ||||
| Receivable days | 84 | 73 | 123 | 106 |
| Inventory days | 84 | 103 | 227 | 255 |
| Payable days | — | — | — | 41 |
| NWC days | — | — | — | 320 |
| Leverage | ||||
| Current ratio | 8.62 | 24.57 | 9.86 | 4.76 |
| Debt to EBITDA | 0.04 | 0 | 0.03 | 0.1 |
| Debt to equity | 0.02 | 0 | 0.01 | 0.04 |
| Interest coverage | 74.5 | 87.8 | 25.8 | 36.3 |
| Asset turnover | 1.66 | 1.27 | 1.04 | 0.84 |
| Return ratios | ||||
| Return on assets % | 37.4% | 36.1% | 27.9% | 19.4% |
| Return on capital employed % | 56.2% | 54.9% | 49.4% | 39.4% |
| Return on equity % | 45.8% | 40.4% | 32.7% | 24.9% |
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.