Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 35.9% | 47.3% | 41.3% | 37.8% |
| EBITDA margin % | 17.1% | 26.7% | 19.7% | 16% |
| EBIT margin % | 13.8% | 22.6% | 15.3% | 11.5% |
| PAT margin % | 11.4% | 18.5% | 13% | 9.3% |
| Working capital | ||||
| Receivable days | 16 | 16 | 17 | 18 |
| Inventory days | 3 | 4 | 4 | 4 |
| Payable days | 27 | 35 | 34 | 31 |
| NWC days | -8 | -15 | -13 | -9 |
| Leverage | ||||
| Current ratio | 1.29 | 1.18 | 1.04 | 0.94 |
| Debt to EBITDA | 0.1 | 0 | 0 | 0 |
| Debt to equity | 0.03 | 0 | 0 | 0 |
| Interest coverage | 113.4 | 130.4 | 98.5 | 55.4 |
| Asset turnover | 1.15 | 0.94 | 0.96 | 1.01 |
| Return ratios | ||||
| Return on assets % | 13.1% | 17.3% | 12.6% | 9.4% |
| Return on capital employed % | 23.8% | 34.2% | 22.9% | 17.3% |
| Return on equity % | 19.1% | 24.9% | 17.7% | 13.1% |
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.