Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 47% | 52.7% | 46.4% | 44.4% | 40.9% |
| EBITDA margin % | |||||
| 12.5% |
| 11.7% |
| 15% |
| 11.5% |
| 8.5% |
| EBIT margin % | 11.9% | 10.7% | 14.1% | 10.7% | 7.2% |
| PAT margin % | 9.1% | 11.2% | 12% | 14.2% | 9.3% |
| Working capital | |||||
| Receivable days | 120 | 187 | 156 | 168 | 182 |
| Inventory days | 17 | 69 | 88 | 119 | 32 |
| Payable days | — | — | — | — | 159 |
| NWC days | — | — | — | — | 55 |
| Leverage | |||||
| Current ratio | 1.46 | 1.48 | 1.7 | 1.37 | 2.5 |
| Debt to EBITDA | 0.58 | 1.51 | 0.29 | 1.45 | 1.22 |
| Debt to equity | 0.28 | 0.39 | 0.07 | 0.32 | 0.1 |
| Interest coverage | 10.7 | 10.4 | 19.1 | 21.2 | 12.1 |
| Asset turnover | 1.5 | 0.91 | 0.84 | 0.77 | 0.63 |
| Return ratios | |||||
| Return on assets % | 13.7% | 10.2% | 10.1% | 10.9% | 5.9% |
| Return on capital employed % | 46.8% | 33% | 32.1% | 26.4% | 15.5% |
| Return on equity % | 34.8% | 24.4% | 20.6% | 26.8% | 9.1% |
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.