Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 48.3% | 47% | 42.5% | 47.9% | 49.6% |
| EBITDA margin % | 19.9% | 19.5% | 13.4% | 17% | 17.8% |
| EBIT margin % | 15.8% | 15.7% | 8.5% | 11.5% | 12.7% |
| PAT margin % | 12.6% | 11.9% | 5.6% | 7.4% | 8.8% |
| Working capital | |||||
| Receivable days | 105 | 124 | 127 | 138 | 143 |
| Inventory days | 226 | 283 | 260 | 321 | 324 |
| Payable days | 108 | 119 | 85 | 78 | 83 |
| NWC days | 222 | 288 | 303 | 381 | 384 |
| Leverage | |||||
| Current ratio | 2.5 | 1.95 | 1.88 | 1.84 | 1.68 |
| Debt to EBITDA | 0.38 | 0.93 | 1.53 | 1.54 | 1.45 |
| Debt to equity | 0.1 | 0.26 | 0.27 | 0.34 | 0.36 |
| Interest coverage | 10.7 | 8 | 3.2 | 3.4 | 3.9 |
| Asset turnover | 0.81 | 0.75 | 0.7 | 0.64 | 0.66 |
| Return ratios | |||||
| Return on assets % | 10.2% | 8.9% | 4% | 4.7% | 5.8% |
| Return on capital employed % | 21.1% | 22.5% | 12.2% | 15.6% | 17.5% |
| Return on equity % | 16.6% | 17.1% | 7.5% | 9.7% | 12.4% |
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.