Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 63.5% | 43.6% | 30.3% | 38.7% | 48.4% | 47.3% |
| EBITDA margin % | 37.8% | 18.5% | -0.6% | 7.8% | 11.1% | 14.1% |
| EBIT margin % | 33.8% | 15.5% | -4.1% | 3.8% | 7.1% | 9.7% |
| PAT margin % | 25% | 11% | -5.5% | 0.9% | 2.4% | 4.1% |
| Working capital | ||||||
| Receivable days | 37 | 33 | 35 | 41 | 48 | 34 |
| Inventory days | 314 | 321 | 201 | 164 | 285 | 334 |
| Payable days | 71 | 43 | 35 | 28 | 69 | 51 |
| NWC days | 280 | 311 | 201 | 177 | 263 | 317 |
| Leverage | ||||||
| Current ratio | 3.55 | 1.76 | 1.42 | 1.24 | 1.09 | 1.14 |
| Debt to EBITDA | 0.19 | 2.33 | — | 4.48 | 4.58 | 4.06 |
| Debt to equity | 0.1 | 0.7 | 0.69 | 0.62 | 0.91 | 1.12 |
| Interest coverage | 115.3 | 18.4 | -1.4 | 1.3 | 1.8 | 2.3 |
| Asset turnover | 1.09 | 0.88 | 0.97 | 1.02 | 0.85 | 0.84 |
| Return ratios | ||||||
| Return on assets % | 27.2% | 9.6% | -5.4% | 0.9% | 2% | 3.5% |
| Return on capital employed % | 44.7% | 24.9% | -5.8% | 6.3% | 12% | 18.1% |
| Return on equity % | 33.6% | 17.7% | -9.9% | 1.5% | 4.3% | 8.1% |
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.