Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 86.8% | 84.8% | 77.2% | 76.4% | 76.8% |
| EBITDA margin % | 28.9% | 25.1% | 23.3% | 26.5% | 27.4% |
| EBIT margin % | 19.8% | 14.1% | 11.2% | 14.2% | 15.7% |
| PAT margin % | 15% | 12.8% | 9.2% | 10.8% | 13.1% |
| Working capital | |||||
| Receivable days | — | 55 | 104 | 141 | 140 |
| Inventory days | — | 123 | 93 | 64 | 54 |
| Payable days | — | 306 | 213 | 209 | 129 |
| NWC days | — | -128 | -17 | -5 | 65 |
| Leverage | |||||
| Current ratio | — | 2.28 | 1.5 | 1.36 | 2.68 |
| Debt to EBITDA | — | 0.27 | 1.11 | 1.07 | 2.52 |
| Debt to equity | — | 0.04 | 0.2 | 0.23 | 0.54 |
| Interest coverage | 5.7 | 11.4 | 5.2 | 5.2 | 4.8 |
| Asset turnover | — | 0.54 | 0.53 | 0.56 | 0.42 |
| Return ratios | |||||
| Return on assets % | — | 6.8% | 4.9% | 6.1% | 5.6% |
| Return on capital employed % | — | 10.8% | 10.2% | 13.6% | 13.1% |
| Return on equity % | — | 8.4% | 7% | 8.8% | 10.3% |
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.