Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 99% | — | 71.9% | 71% | 70.7% |
| EBITDA margin % | |||||
| 25.1% |
| 21.1% |
| 23.4% |
| 19.9% |
| 21.8% |
| EBIT margin % | 17% | 15.3% | 17.4% | 12.7% | 15% |
| PAT margin % | 11.8% | 8.6% | 9.6% | 5.7% | 10% |
| Working capital | |||||
| Receivable days | 99 | 104 | 96 | 110 | 109 |
| Inventory days | 7,343 | 97 | 402 | 464 | 375 |
| Payable days | — | — | 153 | 150 | 155 |
| NWC days | — | — | 345 | 425 | 329 |
| Leverage | |||||
| Current ratio | 1.24 | 1.23 | 1.09 | 1.04 | 1.38 |
| Debt to EBITDA | 2.08 | 2.83 | 2.93 | 3.65 | 2.1 |
| Debt to equity | 0.98 | 1.23 | 1.37 | 1.33 | 0.64 |
| Interest coverage | 4.6 | 3.7 | 3.3 | 2.1 | 3.2 |
| Asset turnover | 0.75 | 0.77 | 0.71 | 0.65 | 0.7 |
| Return ratios | |||||
| Return on assets % | 8.8% | 6.7% | 6.8% | 3.7% | 7% |
| Return on capital employed % | 22.2% | 23.1% | 27.8% | 18.3% | 24.1% |
| Return on equity % | 22.2% | 17.8% | 19.2% | 10.5% | 13.9% |
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.