Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 56.9% | 52.1% | 53.5% | 61.6% | 62.8% | 65.1% |
| EBITDA margin % | 37.6% | 34.3% | 28.3% | 23.5% | 22.6% | 25.3% |
| EBIT margin % | 34.8% | 31.8% | 24.2% | 17.5% | 15.9% | 18.8% |
| PAT margin % | 28.8% | 27.5% | 21.6% | 13.6% | 12.4% | 16% |
| Working capital | ||||||
| Receivable days | 71 | 99 | 88 | 100 | 99 | 107 |
| Inventory days | 312 | 205 | 421 | 278 | 294 | 284 |
| Payable days | 97 | 80 | 127 | 145 | 143 | 136 |
| NWC days | 286 | 225 | 382 | 234 | 250 | 255 |
| Leverage | ||||||
| Current ratio | 10 | 10.05 | 9.46 | 4.04 | 4.33 | 4.68 |
| Debt to EBITDA | 0 | 0 | 0 | 0.24 | 0.21 | 0.15 |
| Debt to equity | 0 | 0 | 0 | 0.04 | 0.03 | 0.02 |
| Interest coverage | 392.4 | 309.9 | 150.1 | 44.2 | 26.3 | 45.7 |
| Asset turnover | 0.53 | 0.56 | 0.41 | 0.53 | 0.5 | 0.51 |
| Return ratios | ||||||
| Return on assets % | 15.3% | 15.5% | 8.9% | 7.2% | 6.2% | 8.2% |
| Return on capital employed % | 22.4% | 24.5% | 14.6% | 13.4% | 11.7% | 14.8% |
| Return on equity % | 16.9% | 16.9% | 9.8% | 8.9% | 7.6% | 9.9% |
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.