Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 59.3% | 59.1% | 61.8% | 64% | 64.9% |
| EBITDA margin % | |||||
| 25.4% |
| 21.4% |
| 24.3% |
| 27.5% |
| 26.3% |
| EBIT margin % | 20.8% | 16.6% | 19.6% | 23.5% | 22.3% |
| PAT margin % | 15.3% | 13.3% | 16.8% | 19.2% | 18.4% |
| Working capital | |||||
| Receivable days | — | 79 | 81 | 75 | 85 |
| Inventory days | — | 194 | 190 | 206 | 182 |
| Payable days | — | 44 | 60 | 47 | 47 |
| NWC days | — | 229 | 211 | 234 | 220 |
| Leverage | |||||
| Current ratio | — | 3.58 | 4.98 | 6.6 | 6.86 |
| Debt to EBITDA | — | 0.66 | 0.37 | 0.22 | 0.16 |
| Debt to equity | — | 0.16 | 0.09 | 0.06 | 0.03 |
| Interest coverage | 14.5 | 12.5 | 24.2 | 43.2 | 48.2 |
| Asset turnover | — | 0.85 | 0.77 | 0.81 | 0.7 |
| Return ratios | |||||
| Return on assets % | — | 11.3% | 13% | 15.5% | 12.9% |
| Return on capital employed % | — | 19.1% | 21.8% | 25.4% | 20.9% |
| Return on equity % | — | 15.5% | 16.8% | 18.9% | 15.3% |
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.