Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 27.6% | 21.7% | 21.5% | 20.8% | 21.3% | 25.5% |
| EBITDA margin % | 13.7% | 8.9% | 7.3% | 7.9% | 9.2% | 16.6% |
| EBIT margin % | 11.6% | 7% | 5.4% | 6.3% | 7.6% | 15.2% |
| PAT margin % | 7.7% | 4.3% | 3.3% | 5.3% | 5% | 10.2% |
| Working capital | ||||||
| Receivable days | 75 | 62 | 58 | 60 | 64 | 82 |
| Inventory days | 103 | 90 | 109 | 109 | 121 | 152 |
| Payable days | 10 | 9 | 13 | 11 | 9 | 11 |
| NWC days | 168 | 143 | 154 | 158 | 176 | 223 |
| Leverage | ||||||
| Current ratio | 4 | 4.13 | 4.8 | 2.74 | 2.32 | 1.81 |
| Debt to EBITDA | 0.29 | 0.57 | 0.2 | 0.99 | 1.61 | 1.48 |
| Debt to equity | 0.07 | 0.1 | 0.03 | 0.16 | 0.34 | 0.64 |
| Interest coverage | 17.3 | 12.4 | 11.5 | 9.3 | 6.9 | 13.1 |
| Asset turnover | 1.44 | 1.59 | 1.51 | 1.49 | 1.54 | 1.41 |
| Return ratios | ||||||
| Return on assets % | 11.1% | 6.8% | 5% | 7.9% | 7.7% | 14.4% |
| Return on capital employed % | 20.8% | 14.4% | 10.5% | 13.1% | 18.7% | 44.9% |
| Return on equity % | 13.6% | 8.3% | 6% | 10.5% | 11.4% | 26.4% |
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.