Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 67.5% | 63.9% | 53% | 47.9% | 49.4% | 47.7% |
| EBITDA margin % | 33.7% | 29.3% | 26.8% | 19.4% | 17.9% | 19.5% |
| EBIT margin % | 28.6% | 24.9% | 23.6% | 15.4% | 13.1% | 15.5% |
| PAT margin % | 18.7% | 18.9% | 18% | 9.7% | 7.8% | 10.7% |
| Working capital | ||||||
| Receivable days | 114 | 154 | 133 | 92 | 113 | 140 |
| Inventory days | 467 | 535 | 524 | 420 | 369 | 399 |
| Payable days | 158 | 179 | 296 | 86 | 113 | 119 |
| NWC days | 423 | 510 | 361 | 426 | 369 | 419 |
| Leverage | ||||||
| Current ratio | 4.46 | 2.8 | 2.04 | 2.72 | 2.13 | 1.55 |
| Debt to EBITDA | 0.2 | 1.02 | 0.93 | 1.69 | 1.47 | 2.16 |
| Debt to equity | 0.04 | 0.18 | 0.23 | 0.28 | 0.24 | 0.45 |
| Interest coverage | 10.3 | 13.4 | 10.6 | 4.3 | 4.2 | 5.4 |
| Asset turnover | 0.42 | 0.44 | 0.54 | 0.58 | 0.6 | 0.5 |
| Return ratios | ||||||
| Return on assets % | 7.9% | 8.4% | 9.7% | 5.6% | 4.7% | 5.4% |
| Return on capital employed % | 14.5% | 16.8% | 24.1% | 12.5% | 11.4% | 17.2% |
| Return on equity % | 9.7% | 11.7% | 16.7% | 8.3% | 7.3% | 11.4% |
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.