Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 97.3% | 97.1% | 94% | 44.6% |
| EBITDA margin % | 14.3% | 14.5% | 16.6% | 16.7% |
| EBIT margin % | 11.8% | 11.9% | 14% | 14.5% |
| PAT margin % | 15.6% | 9.6% | 10.7% | 11.4% |
| Working capital | ||||
| Receivable days | 19 | 26 | 25 | 27 |
| Inventory days | 2,156 | 1,593 | 783 | 78 |
| Payable days | 236 | 333 | 165 | 67 |
| NWC days | 1,939 | 1,286 | 642 | 37 |
| Leverage | ||||
| Current ratio | 1.23 | 2.84 | 1.82 | 2.61 |
| Debt to EBITDA | 0.11 | 0.01 | 0 | 0 |
| Debt to equity | 0.02 | 0 | 0 | 0 |
| Interest coverage | 10.5 | 46.9 | 60.4 | 60.5 |
| Asset turnover | 0.7 | 0.7 | 0.76 | 0.74 |
| Return ratios | ||||
| Return on assets % | 10.9% | 6.7% | 8.1% | 8.4% |
| Return on capital employed % | 12% | 11.7% | 14.2% | 14.6% |
| Return on equity % | 15.1% | 8.1% | 10.4% | 10.4% |
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.