Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 58.4% | 53.6% | 55.4% | — | — |
| EBITDA margin % | 15.7% | 15.5% | 17.1% | 15.1% | 16.1% |
| EBIT margin % | 10.8% | 12% | 14% | 12% | 13.1% |
| PAT margin % | 5.2% | 9% | 9.8% | 8.7% | 9% |
| Working capital | |||||
| Receivable days | 98 | 84 | 74 | 90 | 102 |
| Inventory days | 213 | 185 | 177 | 90 | 107 |
| Payable days | 108 | 87 | 81 | — | — |
| NWC days | 203 | 182 | 170 | — | — |
| Leverage | |||||
| Current ratio | 1.29 | 1.28 | 1.35 | 1.47 | 1.51 |
| Debt to EBITDA | 2.59 | 2.36 | 1.59 | — | 1.06 |
| Debt to equity | 1.1 | 1.08 | 0.77 | — | 0.35 |
| Interest coverage | 4.1 | 6.4 | 6.1 | 5.5 | 6.3 |
| Asset turnover | 1.01 | 1.14 | 1.28 | 1.17 | 1.06 |
| Return ratios | |||||
| Return on assets % | 5.2% | 10.3% | 12.6% | 10.2% | 9.5% |
| Return on capital employed % | 21.9% | 32.6% | 35.7% | 30.5% | 26.9% |
| Return on equity % | 14% | 26.6% | 27.8% | 19.8% | 18.5% |
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.