Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 28.1% | 30.2% | 34.5% | 33.1% | 35.9% |
| EBITDA margin % | |||||
Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 28.1% | 30.2% | 34.5% | 33.1% | 35.9% |
| EBITDA margin % | |||||
| 11.8% |
| 10.2% |
| 10.8% |
| 9.7% |
| 11.6% |
| EBIT margin % | 9.8% | 8.1% | 7.9% | 6.3% | 8.1% |
| PAT margin % | 7.7% | 6.3% | 6.3% | 4.9% | 5.9% |
| Working capital | |||||
| Receivable days | 79 | 83 | 81 | 90 | 95 |
| Inventory days | 95 | 77 | 111 | 95 | 91 |
| Payable days | 95 | 74 | 123 | 112 | 118 |
| NWC days | 79 | 86 | 69 | 73 | 68 |
| Leverage | |||||
| Current ratio | 2.11 | 2.02 | 2 | 1.89 | 1.78 |
| Debt to EBITDA | 0.17 | 0.35 | 0.14 | 0.58 | 0.49 |
| Debt to equity | 0.03 | 0.05 | 0.02 | 0.07 | 0.07 |
| Interest coverage | 29.8 | 12.5 | 12.3 | 10.3 | 14.4 |
| Asset turnover | 1.11 | 1.1 | 0.95 | 0.87 | 0.9 |
| Return ratios | |||||
| Return on assets % | 8.5% | 6.9% | 6% | 4.2% | 5.3% |
| Return on capital employed % | 17.1% | 13.6% | 12.2% | 8.8% | 11.5% |
| Return on equity % | 12% | 9.2% | 8.3% | 6% | 7.7% |
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.