Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 38% | 37.3% | 38.3% | 40.5% | 44.6% | 44.3% |
| EBITDA margin % | 12.3% | 11.8% | 8.8% | 13.5% | 18.4% | 17.8% |
| EBIT margin % | 10.2% | 10% | 6.6% | 11.7% | 16.7% | 15.9% |
| PAT margin % | 7.1% | 7.9% | 7.2% | 10.7% | 15% | 14.2% |
| Working capital | ||||||
| Receivable days | 31 | 14 | 38 | 29 | 22 | 11 |
| Inventory days | 205 | 174 | 209 | 320 | 339 | 390 |
| Payable days | 87 | 68 | 74 | 92 | 78 | 89 |
| NWC days | 149 | 120 | 173 | 258 | 282 | 312 |
| Leverage | ||||||
| Current ratio | 1.64 | 2.06 | 1.97 | 1.74 | 1.61 | 1.3 |
| Debt to EBITDA | 0.15 | 0.01 | 0.11 | 0.05 | 0 | 0.39 |
| Debt to equity | 0.04 | 0 | 0.01 | 0.01 | 0 | 0.07 |
| Interest coverage | 18.1 | 63.6 | 40.4 | 41 | 51.4 | 29.8 |
| Asset turnover | 1.07 | 1.19 | 0.89 | 0.87 | 0.78 | 0.51 |
| Return ratios | ||||||
| Return on assets % | 7.6% | 9.4% | 6.4% | 9.2% | 11.8% | 7.3% |
| Return on capital employed % | 20.5% | 22% | 12.3% | 22.2% | 32% | 23.7% |
| Return on equity % | 14.5% | 15.3% | 10.6% | 16.6% | 23.4% | 14.2% |
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.