Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 59.1% | 40.7% | 47.6% | 47.3% | 47.6% |
| EBITDA margin % | |||||
| 47.4% |
| 32.4% |
| 32.9% |
| 32.5% |
| 35.6% |
| EBIT margin % | 41.2% | 28.9% | 29% | 29% | 30.6% |
| PAT margin % | 18.8% | 17% | 15.8% | 18.7% | 18.9% |
| Working capital | |||||
| Receivable days | — | 83 | 152 | 122 | 100 |
| Inventory days | — | 158 | 227 | 186 | 374 |
| Payable days | — | 217 | 284 | 168 | 118 |
| NWC days | — | 24 | 96 | 140 | 356 |
| Leverage | |||||
| Current ratio | — | 1.2 | 1.49 | 2.76 | 1.64 |
| Debt to EBITDA | — | 2.5 | 2.47 | 2 | 4.73 |
| Debt to equity | — | 2.02 | 1 | 0.43 | 1.49 |
| Interest coverage | 2.6 | 4 | 3.5 | 6.6 | 4.8 |
| Asset turnover | — | 0.51 | 0.42 | 0.36 | 0.27 |
| Return ratios | |||||
| Return on assets % | — | 8.7% | 6.6% | 6.8% | 5.2% |
| Return on capital employed % | — | 21.4% | 25% | 18.9% | 14.7% |
| Return on equity % | — | 42.5% | 19.3% | 12.5% | 16.8% |
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.