Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 21% | 21.1% | 21.9% | 21.9% | 24.4% | 26.2% |
| EBITDA margin % | 7.1% | 7.2% | 5.8% | 6.3% | 7.9% | 8.8% |
| EBIT margin % | 4.2% | 4% | 1.8% | 2.3% | 3.9% | 4.7% |
| PAT margin % | 2.1% | 2.5% | 1.1% | 1.2% | 2.5% | 3.2% |
| Working capital | ||||||
| Receivable days | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory days | 113 | 112 | 117 | 111 | 106 | 99 |
| Payable days | 0 | 0 | 27 | 21 | 24 | 22 |
| NWC days | 113 | 112 | 91 | 91 | 83 | 79 |
| Leverage | ||||||
| Current ratio | 2.22 | 2.92 | 3.11 | 2.98 | 3.2 | 3 |
| Debt to EBITDA | 0.62 | 0.52 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.19 | 0.1 | 0 | 0 | 0 | 0 |
| Interest coverage | 2.7 | 2.8 | 1.6 | 1.8 | 2.8 | 3.3 |
| Asset turnover | 1.96 | 1.46 | 1.63 | 1.87 | 1.83 | 1.75 |
| Return ratios | ||||||
| Return on assets % | 4% | 3.7% | 1.8% | 2.2% | 4.5% | 5.6% |
| Return on capital employed % | 13% | 11.6% | 6% | 7.1% | 10.9% | 13.1% |
| Return on equity % | 8.6% | 6.7% | 3.4% | 4.2% | 8.6% | 11.1% |
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.