Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 33.6% | 31.5% | 33.7% | 32.8% | 34.8% | 32.9% |
| EBITDA margin % | 12.3% | 11.9% | 8.7% | 8.9% | 9.4% | 6% |
| EBIT margin % | 9.6% | 10.3% | 6.2% | 5.2% | 5.2% | 3.3% |
| PAT margin % | 7.2% | 8.3% | 4.5% | 4.2% | 3.8% | 2.8% |
| Working capital | ||||||
| Receivable days | 90 | — | 74 | 74 | 66 | 67 |
| Inventory days | 63 | — | 58 | 54 | 71 | 70 |
| Payable days | 148 | — | 92 | 145 | 131 | 140 |
| NWC days | 5 | — | 41 | -16 | 6 | -3 |
| Leverage | ||||||
| Current ratio | 1.7 | — | 1.47 | 1.66 | 1.34 | 1.36 |
| Debt to EBITDA | 0.65 | — | 1.62 | 0.53 | 0.91 | 3.16 |
| Debt to equity | 0.14 | — | 0.28 | 0.08 | 0.13 | 0.27 |
| Interest coverage | 10.7 | 21.6 | 16.4 | 27.1 | 8.8 | 5 |
| Asset turnover | 0.96 | — | 1.16 | 1.01 | 0.98 | 0.83 |
| Return ratios | ||||||
| Return on assets % | 6.9% | — | 5.2% | 4.3% | 3.7% | 2.3% |
| Return on capital employed % | 16.3% | — | 11.6% | 10.1% | 9.2% | 4.9% |
| Return on equity % | 12.3% | — | 8.8% | 6.7% | 6% | 4% |
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.