Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 74.9% | 76.8% | 76.8% | 76.2% | 77.4% |
| EBITDA margin % | 20.8% | 22.7% | 24.4% | 23.8% | 20.8% |
| EBIT margin % | 14.8% | 17.2% | 19.1% | 18.5% | 15.8% |
| PAT margin % | 9.1% | 12.1% | 14.6% | 13% | 12.6% |
| Working capital | |||||
| Receivable days | 30 | 26 | 24 | 29 | 34 |
| Inventory days | 36 | 35 | 32 | 28 | 29 |
| Payable days | 90 | 114 | 90 | 81 | 89 |
| NWC days | -24 | -52 | -34 | -24 | -26 |
| Leverage | |||||
| Current ratio | 1.94 | 2.76 | 2.44 | 2.48 | 2.67 |
| Debt to EBITDA | 1.86 | 1.38 | 0.52 | 0.37 | 1.29 |
| Debt to equity | 0.52 | 0.35 | 0.14 | 0.1 | 0.3 |
| Interest coverage | 4.5 | 6.8 | 9.5 | 11.7 | 10.1 |
| Asset turnover | 0.69 | 0.65 | 0.76 | 0.77 | 0.75 |
| Return ratios | |||||
| Return on assets % | 6.2% | 7.9% | 11.1% | 10.1% | 9.4% |
| Return on capital employed % | 13.2% | 16.8% | 19.4% | 19.5% | 16.9% |
| Return on equity % | 12.1% | 13.4% | 16.5% | 14.2% | 14% |
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.