Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 10% | 10.1% | 13.5% | 11.9% | 12.2% | 14.8% |
| EBITDA margin % | 7.5% | 7.4% | 8.4% | 7.5% | 6.4% | 7.2% |
| EBIT margin % | 7.1% | 7.2% | 8.1% | 7.2% | 5.9% | 6.3% |
| PAT margin % | 4.6% | 5.1% | 5.8% | 5.5% | 5.2% | 4.8% |
| Working capital | ||||||
| Receivable days | 80 | 36 | 33 | 34 | 53 | 71 |
| Inventory days | 49 | 38 | 46 | 31 | 47 | 54 |
| Payable days | 31 | 8 | 8 | 5 | 5 | 29 |
| NWC days | 98 | 66 | 71 | 60 | 96 | 96 |
| Leverage | ||||||
| Current ratio | 1.82 | 2 | 3.35 | 10.18 | 9.47 | 3.22 |
| Debt to EBITDA | 1.91 | 1.08 | 0.83 | 0.13 | 0.62 | 1.58 |
| Debt to equity | 0.65 | 0.5 | 0.26 | 0.03 | 0.06 | 0.16 |
| Interest coverage | 4.1 | 11.5 | 20.5 | 30.5 | 30.1 | 13 |
| Asset turnover | 2.08 | 3.53 | 2.75 | 2.42 | 1.43 | 1.07 |
| Return ratios | ||||||
| Return on assets % | 9.6% | 18.1% | 16% | 13.4% | 7.4% | 5.2% |
| Return on capital employed % | 32.2% | 52.9% | 44% | 25.9% | 13.5% | 10.3% |
| Return on equity % | 20.7% | 31.8% | 22.1% | 14.6% | 8.1% | 6.9% |
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.