Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 74.9% | 75.9% | 75.2% | 76% | 82.7% | 82.4% |
| EBITDA margin % | 21.4% | 23.5% | 26.7% | 28.3% | 24.4% | 21.9% |
| EBIT margin % | 12.6% | 15.4% | 19.1% | 21.8% | 17.5% | 15.8% |
| PAT margin % | 2.7% | 7.2% | 11.8% | 16.4% | 19.8% | 16.9% |
| Working capital | ||||||
| Receivable days | 141 | 125 | 109 | 158 | 170 | 166 |
| Inventory days | 465 | 549 | 521 | 440 | 1,423 | 1,030 |
| Payable days | 240 | 159 | 141 | 91 | 333 | 225 |
| NWC days | 367 | 516 | 490 | 507 | 1,261 | 970 |
| Leverage | ||||||
| Current ratio | 1.12 | 1.11 | 1.6 | 2.91 | 6.77 | 3.44 |
| Debt to EBITDA | 5.19 | 4.66 | 3.01 | 2.5 | 0.81 | 1.98 |
| Debt to equity | 1.17 | 1.16 | 0.58 | 0.28 | 0.04 | 0.17 |
| Interest coverage | 1.9 | 2.2 | 3.1 | 4.6 | 9.9 | 15.7 |
| Asset turnover | 0.41 | 0.42 | 0.4 | 0.29 | 0.19 | 0.31 |
| Return ratios | ||||||
| Return on assets % | 1.1% | 3% | 4.7% | 4.7% | 3.9% | 5.2% |
| Return on capital employed % | 9.4% | 12% | 13.8% | 11.7% | 8% | 8.6% |
| Return on equity % | 2.8% | 7.6% | 8.4% | 6.5% | 4.4% | 6.7% |
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.