Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 75% | 65.3% | 59.9% | 64.9% | 77.2% | 77.6% |
| EBITDA margin % | 27.4% | 24.8% | 24.4% | 25.4% | 30.8% | 35.9% |
| EBIT margin % | 15.8% | 16.5% | 16.3% | 18.1% | 22.2% | 26.6% |
| PAT margin % | 27.1% | 12.2% | 17.2% | 15.7% | 18.3% | 21.7% |
| Working capital | ||||||
| Receivable days | — | — | 47 | 63 | 57 | 73 |
| Inventory days | — | — | 22 | 32 | 69 | 79 |
| Payable days | — | — | 156 | 235 | 349 | 370 |
| NWC days | — | — | -87 | -139 | -224 | -217 |
| Leverage | ||||||
| Current ratio | — | — | 2.19 | 1.87 | 0.95 | 0.86 |
| Debt to EBITDA | — | — | 0 | 0 | 0 | 0 |
| Debt to equity | — | — | 0 | 0 | 0 | 0 |
| Interest coverage | 66.4 | 123.2 | 97.9 | 79.6 | 49 | 47.8 |
| Asset turnover | — | — | 0.71 | 0.58 | 0.48 | 0.44 |
| Return ratios | ||||||
| Return on assets % | — | — | 12.2% | 9% | 8.8% | 9.5% |
| Return on capital employed % | — | — | 17.8% | 16% | 15.7% | 15.9% |
| Return on equity % | — | — | 17.1% | 12.5% | 11.9% | 12.9% |
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.