Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 23.8% | 23.3% | 29.2% | 25.3% | 23.5% | 21.7% |
| EBITDA margin % | 6.4% | 6.3% | 7.2% | 6.5% | 6% | 7% |
| EBIT margin % | 6.3% | 6.2% | 7% | 6.4% | 5.9% | 6.9% |
| PAT margin % | 3.6% | 4.3% | 5.1% | 4.7% | 4.4% | 5.1% |
| Working capital | ||||||
| Receivable days | — | — | — | — | — | 118 |
| Inventory days | 11 | 0 | 21 | 20 | 14 | 15 |
| Payable days | — | — | — | — | 9 | 9 |
| NWC days | — | — | — | — | — | 124 |
| Leverage | ||||||
| Current ratio | 3.71 | 3.9 | 4.06 | 7.37 | 9.78 | 5.68 |
| Debt to EBITDA | — | — | — | — | 0 | 0.46 |
| Debt to equity | — | — | — | — | 0 | 0.1 |
| Interest coverage | 5.2 | 10.9 | 23.7 | 24.9 | 42.3 | 27.3 |
| Asset turnover | 2.49 | 2.53 | 2.47 | 2.11 | 3.02 | 2.28 |
| Return ratios | ||||||
| Return on assets % | 9% | 10.9% | 12.6% | 9.8% | 13.3% | 11.6% |
| Return on capital employed % | 21.3% | 23.7% | 27.3% | 21.4% | 21% | 24.3% |
| Return on equity % | — | — | — | — | 14.7% | 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.