Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 30.8% | 24.7% | 25.6% | 24.4% | 27.3% | 29.4% |
| EBITDA margin % | 10.8% | 8.3% | 8.7% | 8.3% | 9% | 10.8% |
| EBIT margin % | 7.2% | 5.8% | 6.9% | 6.7% | 6.9% | 9.1% |
| PAT margin % | 5.4% | 3.5% | 3.8% | 4.1% | 5% | 6.7% |
| Working capital | ||||||
| Receivable days | — | — | 186 | 186 | 157 | 178 |
| Inventory days | — | — | 71 | 72 | 52 | 50 |
| Payable days | — | — | 161 | 167 | 129 | 135 |
| NWC days | — | — | 96 | 91 | 80 | 93 |
| Leverage | ||||||
| Current ratio | — | — | 1.6 | 1.48 | 2.14 | 2.12 |
| Debt to EBITDA | — | — | 1.69 | 1.84 | 0.72 | 0.89 |
| Debt to equity | — | — | 0.31 | 0.38 | 0.12 | 0.17 |
| Interest coverage | 2.9 | 3.7 | 3.5 | 3.9 | 4.7 | 5 |
| Asset turnover | — | — | 0.95 | 1.01 | 1.06 | 0.98 |
| Return ratios | ||||||
| Return on assets % | — | — | 3.6% | 4.2% | 5.3% | 6.6% |
| Return on capital employed % | — | — | 14.5% | 18.3% | 18.3% | 19.8% |
| Return on equity % | — | — | 8.1% | 10.3% | 9.4% | 11.9% |
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.