Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | — | 48.4% | 46.3% |
| EBITDA margin % | 17.1% | 14% | 16.1% | 16.1% | 24.2% | 26.4% |
| EBIT margin % | 13.2% | 11.1% | 13% | 13.1% | 21.3% | 24.6% |
| PAT margin % | 7.2% | 8.7% | 8.5% | 8.8% | 14.2% | 16.5% |
| Working capital | ||||||
| Receivable days | — | — | — | — | 48 | 17 |
| Inventory days | — | — | — | — | 505 | 362 |
| Payable days | — | — | — | — | 13 | 45 |
| NWC days | — | — | — | — | 540 | 334 |
| Leverage | ||||||
| Current ratio | 1.97 | 2.95 | 2.82 | 1.62 | 1.67 | 1.97 |
| Debt to EBITDA | 2.46 | 2.79 | 1.95 | 4.71 | 2.59 | 0.98 |
| Debt to equity | 0.59 | 0.4 | 0.37 | 1.03 | 1.05 | 0.52 |
| Interest coverage | 3.1 | 6.8 | 6 | 3.7 | 4.7 | 9.1 |
| Asset turnover | 0.8 | 0.71 | 0.83 | 0.62 | 0.78 | 1.14 |
| Return ratios | ||||||
| Return on assets % | 5.7% | 6.1% | 7% | 5.4% | 11.2% | 18.8% |
| Return on capital employed % | 20.2% | 16.9% | 16.4% | 20.2% | 41% | 56% |
| Return on equity % | 10.1% | 9% | 10% | 11.9% | 23.9% | 33% |
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.