Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 84.4% | 85.2% | 77.4% | 71.6% |
| EBITDA margin % | 55.5% | 59% | 48.3% | 38.1% |
| EBIT margin % | 45.3% | 53.1% | 43.3% | 33.4% |
| PAT margin % | 36.5% | 45.4% | 38.9% | 28.2% |
| Working capital | ||||
| Receivable days | 84 | 131 | 144 | 164 |
| Inventory days | 23 | 31 | 45 | 34 |
| Payable days | 187 | 108 | 56 | 62 |
| NWC days | -80 | 54 | 132 | 136 |
| Leverage | ||||
| Current ratio | 4.72 | 7.05 | 10.28 | 6.48 |
| Debt to EBITDA | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 |
| Interest coverage | 3,032 | — | — | — |
| Asset turnover | 0.84 | 0.76 | 0.62 | 0.67 |
| Return ratios | ||||
| Return on assets % | 30.6% | 34.6% | 24.1% | 18.9% |
| Return on capital employed % | 46.2% | 53.8% | 34.4% | 28.1% |
| Return on equity % | 34.6% | 37.9% | 25.5% | 20.2% |
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.