Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 69% | 69.4% | 67.5% | 68% | 72.1% | 72.2% |
| EBITDA margin % | 10.8% | 5.1% | 5.4% | 7.9% | 7.4% | 13.2% |
| EBIT margin % | 8.2% | 3.2% | 3.4% | 6% | 5.7% | 11.8% |
| PAT margin % | 8.6% | 5% | 6.5% | 8.1% | 7.7% | 11.1% |
| Working capital | ||||||
| Receivable days | 86 | 83 | 89 | 93 | 88 | 77 |
| Inventory days | 345 | 332 | 306 | 271 | 325 | 291 |
| Payable days | 126 | 108 | 83 | 85 | 99 | 102 |
| NWC days | 305 | 307 | 312 | 279 | 314 | 266 |
| Leverage | ||||||
| Current ratio | 2.48 | 2.8 | 3.88 | 3.77 | 3.82 | 3.75 |
| Debt to EBITDA | 0.55 | 1.14 | 0.34 | 0.54 | 0.68 | 0.72 |
| Debt to equity | 0.07 | 0.07 | 0.02 | 0.05 | 0.05 | 0.13 |
| Interest coverage | 4.7 | 5 | 7.2 | 11.2 | 9.8 | 18.1 |
| Asset turnover | 0.81 | 0.87 | 0.86 | 0.8 | 0.83 | 0.94 |
| Return ratios | ||||||
| Return on assets % | 7% | 4.3% | 5.5% | 6.5% | 6.4% | 10.5% |
| Return on capital employed % | 11.2% | 6.4% | 7% | 8.4% | 8.6% | 18.7% |
| Return on equity % | 10.1% | 6.1% | 7.2% | 8.5% | 8.3% | 14.7% |
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.