Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 98.9% | — | — | — | — | — |
| EBITDA margin % | 51.6% | 55.1% | 50.1% | 47.2% | 51% | 54% |
| EBIT margin % | 40.4% | 45.2% | 40.3% | 35.2% | 40.3% | 44.7% |
| PAT margin % | 35.3% | 32.7% | 31.6% | 26.8% | 30.4% | 33.9% |
| Working capital | ||||||
| Receivable days | 7 | 9 | 4 | 2 | 1 | 4 |
| Inventory days | 2,176 | 54 | 41 | 46 | 41 | 40 |
| Payable days | 2,360 | 56 | 53 | 60 | 48 | 60 |
| NWC days | -177 | 7 | -8 | -12 | -6 | -16 |
| Leverage | ||||||
| Current ratio | 3.12 | 3.94 | 0.85 | 1.16 | 1.04 | 1.47 |
| Debt to EBITDA | 0.55 | 0.13 | 0.71 | 0.62 | 0.61 | 0.37 |
| Debt to equity | 0.2 | 0.06 | 0.92 | 0.56 | 0.8 | 0.36 |
| Interest coverage | 28.4 | 50.1 | 46.9 | 11.8 | 13.5 | 22 |
| Asset turnover | 0.49 | 0.66 | 0.94 | 0.85 | 0.99 | 0.96 |
| Return ratios | ||||||
| Return on assets % | 17.5% | 21.6% | 29.6% | 22.9% | 30% | 32.6% |
| Return on capital employed % | 29% | 38% | 55.2% | 54.8% | 63.6% | 71.2% |
| Return on equity % | 24.7% | 28.1% | 81.3% | 51.1% | 77.7% | 61.1% |
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.