Consolidated figures
| Ratio | Mar 2016 | Mar 2017 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin % | — | 98.7% | 94.1% | 92.8% | 91.4% | 92% | 91.9% | 91.4% |
| EBITDA margin % | 17.8% | 19.2% | -23.1% | 18.6% | 38.5% | 34.3% | 28.9% | 15.7% |
| EBIT margin % | 14.3% | 15.2% | -37.3% | 10.5% | 35.6% | 31% | 25.7% | 11.5% |
| PAT margin % | 11.5% | 12.1% | -20.1% | 15.5% | 29.4% | 31.2% | 29.9% | -4.1% |
| Working capital | ||||||||
| Receivable days | 18 | 17 | 12 | 12 | 6 | 9 | 6 | 19 |
| Inventory days | 7 | 447 | 312 | 126 | 48 | 67 | 77 | 70 |
| Payable days | 1 | 50 | 1,060 | 472 | 363 | 338 | 300 | 381 |
| NWC days | 24 | 413 | -735 | -334 | -308 | -262 | -217 | -292 |
| Leverage | ||||||||
| Current ratio | 1.79 | 1.94 | 2.14 | 2.66 | 2.27 | 3 | 3.19 | 2.54 |
| Debt to EBITDA | 0.45 | 0.39 | — | 0.03 | 0 | 0 | 0 | 0 |
| Debt to equity | 0.11 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 18.4 | 15.9 | -9.8 | 16.9 | 98.9 | — | 798.3 | — |
| Asset turnover | 0.86 | 0.84 | 0.26 | 0.42 | 0.78 | 0.65 | 0.55 | 0.49 |
| Return ratios | ||||||||
| Return on assets % | 9.9% | 10.2% | -5.2% | 6.5% | 22.9% | 20.2% | 16.5% | -2% |
| Return on capital employed % | 21.6% | 22% | -10% | 9.2% | 40.7% | 31.1% | 21.9% | 10.9% |
| Return on equity % | 15.7% | 15.4% | -6.9% | 8.5% | 30% | 26.5% | 20.9% | -2.6% |
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.