Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 72.4% | 70.5% | 67.7% | 78.3% | 79.2% | 98.5% |
| EBITDA margin % | 11.3% | 7.6% | 9.4% | 13.3% | 14.1% | 13.5% |
| EBIT margin % | 5.5% | 4.2% | 7% | 7% | 6.5% | 6.9% |
| PAT margin % | 4.2% | 5.6% | 8.4% | 8.2% | 4.9% | 5.3% |
| Working capital | ||||||
| Receivable days | 94 | 91 | 68 | 78 | 63 | — |
| Inventory days | 203 | 178 | 75 | 238 | 335 | — |
| Payable days | 118 | 98 | 96 | 209 | 214 | — |
| NWC days | 180 | 172 | 46 | 107 | 184 | — |
| Leverage | ||||||
| Current ratio | 3.46 | 2.89 | 1.88 | 0.96 | 1.09 | — |
| Debt to EBITDA | 0.17 | 0.45 | 1.43 | 3.02 | 2.36 | — |
| Debt to equity | 0.02 | 0.05 | 0.24 | 0.6 | 0.59 | — |
| Interest coverage | 33.5 | 25.5 | 22.4 | 3.8 | 2.2 | 3.1 |
| Asset turnover | 0.96 | 1.05 | 1.18 | 0.66 | 0.78 | — |
| Return ratios | ||||||
| Return on assets % | 4% | 5.9% | 9.9% | 5.5% | 3.8% | — |
| Return on capital employed % | 9.7% | 9% | 14.7% | 14.2% | 10.2% | — |
| Return on equity % | 5.2% | 7.7% | 15.2% | 12.3% | 8.7% | — |
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.