Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 36.6% | 39.7% | 38.9% | 39.6% | 39.5% | 36.8% |
| EBITDA margin % | 13.1% | 13.9% | 14.2% | 13.7% | 12.5% | 11.2% |
| EBIT margin % | 11.3% | 11.6% | 12.2% | 11.8% | 10.5% | 8.9% |
| PAT margin % | 8.9% | 8.8% | 9% | 8.6% | 11.8% | 5.6% |
| Working capital | ||||||
| Receivable days | 56 | 71 | 52 | 58 | 63 | 58 |
| Inventory days | 104 | 121 | 125 | 153 | 177 | 148 |
| Payable days | 66 | 60 | 60 | 57 | 71 | 47 |
| NWC days | 93 | 132 | 117 | 154 | 169 | 159 |
| Leverage | ||||||
| Current ratio | 1.8 | 2.14 | 1.69 | 1.81 | 1.51 | 1.54 |
| Debt to EBITDA | 1.37 | 1.07 | 1.55 | 1.61 | 1.9 | 1.99 |
| Debt to equity | 0.4 | 0.32 | 0.45 | 0.39 | 0.39 | 0.38 |
| Interest coverage | 24.4 | 21.8 | 21.7 | 12.7 | 13.3 | 5.9 |
| Asset turnover | 1.25 | 1.3 | 1.16 | 1.09 | 0.99 | 1.05 |
| Return ratios | ||||||
| Return on assets % | 11.2% | 11.5% | 10.4% | 9.4% | 11.7% | 5.9% |
| Return on capital employed % | 25.9% | 26.6% | 26.8% | 23.3% | 29% | 15.4% |
| Return on equity % | 20% | 18.8% | 18.2% | 15.3% | 19.2% | 9.4% |
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.