Consolidated figures
| Ratio | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 98.1% | — | — | — | — | 80.2% |
| EBITDA margin % | 51.3% | 57.2% | 48.6% | 34.3% | 34.2% | 28.9% |
| EBIT margin % | 48.8% | 55.7% | 47.5% | 32.4% | 32.6% | 27.4% |
| PAT margin % | 30.5% | 40.8% | 36.2% | 31.7% | 26.2% | 23.2% |
| Working capital | ||||||
| Receivable days | 69 | 51 | 42 | 55 | 60 | 105 |
| Inventory days | 1,170 | 51 | 59 | 84 | 72 | 145 |
| Payable days | 3 | 20 | 27 | 13 | 11 | 23 |
| NWC days | 1,236 | 82 | 75 | 125 | 121 | 226 |
| Leverage | ||||||
| Current ratio | 2.49 | 1.96 | 2.28 | 3.76 | 2.56 | 2.43 |
| Debt to EBITDA | 0.19 | 0.23 | 0.28 | 0.07 | 0.46 | 0.63 |
| Debt to equity | 0.04 | 0.07 | 0.1 | 0.02 | 0.13 | 0.17 |
| Interest coverage | 629.7 | 530.2 | 333.2 | 86.2 | 106.2 | 84.7 |
| Asset turnover | 0.37 | 0.42 | 0.58 | 0.63 | 0.6 | 0.66 |
| Return ratios | ||||||
| Return on assets % | 11.4% | 17% | 20.9% | 19.8% | 15.6% | 15.4% |
| Return on capital employed % | 21.8% | 29.7% | 37.5% | 20.9% | 32.4% | 32.4% |
| Return on equity % | 12.9% | 21% | 26.8% | 24.7% | 21.7% | 21.9% |
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.