Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 54.9% | 57.9% | 58.1% | 58.1% | 57.7% | 57.9% |
| EBITDA margin % | 21.6% | 30.5% | 31.9% | 29.7% | 30.2% | 30.3% |
| EBIT margin % | 6.4% | 20.5% | 23.4% | 20% | 19.9% | 19.4% |
| PAT margin % | 8.1% | 16% | 17.2% | 17.6% | 14.1% | 14.5% |
| Working capital | ||||||
| Receivable days | 23 | 13 | 22 | 12 | 13 | 13 |
| Inventory days | 293 | 274 | 264 | 262 | 219 | 259 |
| Payable days | 207 | 136 | 115 | 95 | 78 | 84 |
| NWC days | 109 | 150 | 171 | 179 | 155 | 188 |
| Leverage | ||||||
| Current ratio | 2.66 | 3.24 | 3.74 | 3.34 | 2.9 | 2.89 |
| Debt to EBITDA | 0.01 | 0 | 0 | 0 | 0.23 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Interest coverage | 2.9 | 6.6 | 8.8 | 6.9 | 6.5 | 6 |
| Asset turnover | 0.48 | 0.58 | 0.73 | 0.7 | 0.75 | 0.71 |
| Return ratios | ||||||
| Return on assets % | 3.9% | 9.3% | 12.5% | 12.4% | 10.6% | 10.4% |
| Return on capital employed % | 9.7% | 20.7% | 25.1% | 20.2% | 21% | 21.4% |
| Return on equity % | 7.8% | 16.9% | 23.6% | 22.3% | 20.7% | 20.9% |
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.