Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 30.7% | 30.7% | 26.3% | 30.2% | 34.6% |
| EBITDA margin % | 13.3% | 15% | 14.1% | 15.1% | 15.8% |
| EBIT margin % | 11.4% | 13.3% | 12.7% | 13.4% | 12.9% |
| PAT margin % | 5.9% | 8.5% | 10.1% | 10.8% | 10% |
| Working capital | |||||
| Receivable days | 102 | 74 | 72 | 77 | 154 |
| Inventory days | 169 | 193 | 150 | 156 | 170 |
| Payable days | 122 | 104 | 99 | 131 | 131 |
| NWC days | 149 | 163 | 123 | 102 | 193 |
| Leverage | |||||
| Current ratio | 1.34 | 2.96 | 3.51 | 1.6 | 2.22 |
| Debt to EBITDA | 1.81 | 0.81 | 1.2 | 2.13 | 1.52 |
| Debt to equity | 0.84 | 0.14 | 0.12 | 0.31 | 0.18 |
| Interest coverage | 3.3 | 4.6 | 5.3 | 4.7 | 5.3 |
| Asset turnover | 1.13 | 0.79 | 0.55 | 0.59 | 0.53 |
| Return ratios | |||||
| Return on assets % | 6.7% | 6.7% | 5.6% | 6.3% | 5.3% |
| Return on capital employed % | 32.5% | 25.5% | 16.1% | 17.2% | 15.4% |
| Return on equity % | 20.6% | 9.9% | 7.4% | 10.3% | 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.