Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 54.4% | 55.2% | 52.6% | 52.4% | 53.3% | 49.9% |
| EBITDA margin % | 30.3% | 28.4% | 25.5% | 20.1% | 26.7% | 25.3% |
| EBIT margin % | 23.5% | 22.7% | 20.4% | 14.9% | 22.6% | 21.7% |
| PAT margin % | 11% | 14.8% | 16.2% | 11.9% | 16.9% | 18.8% |
| Working capital | ||||||
| Receivable days | 242 | 246 | 247 | 285 | 295 | 278 |
| Inventory days | 417 | 297 | 324 | 455 | 323 | 244 |
| Payable days | 86 | 68 | 90 | 185 | 117 | 88 |
| NWC days | 573 | 475 | 480 | 555 | 501 | 435 |
| Leverage | ||||||
| Current ratio | 1.87 | 5.24 | 3.8 | 2.35 | 3.13 | 3.23 |
| Debt to EBITDA | 2.44 | 0.6 | 0.26 | 1.27 | 0.24 | 0.22 |
| Debt to equity | 0.51 | 0.08 | 0.04 | 0.15 | 0.04 | 0.04 |
| Interest coverage | 2.8 | 5.7 | 8 | 8.5 | 13.6 | 25.6 |
| Asset turnover | 0.4 | 0.4 | 0.43 | 0.4 | 0.43 | 0.49 |
| Return ratios | ||||||
| Return on assets % | 4.4% | 5.9% | 6.9% | 4.7% | 7.2% | 9.3% |
| Return on capital employed % | 13.6% | 13.5% | 12.8% | 10.1% | 16% | 16.9% |
| Return on equity % | 7.6% | 7.2% | 8.7% | 6.8% | 9.6% | 12.3% |
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.