Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 50.4% | 46.4% | 48.5% | 46.6% | 43.1% |
| EBITDA margin % | 14.8% | 13.6% | 17.1% | 16.6% | 14.4% |
| EBIT margin % | 14.8% | 13.6% | 13.9% | 12.5% | 10.7% |
| PAT margin % | 9.6% | 9.7% | 9.6% | 8.4% | 10% |
| Working capital | |||||
| Receivable days | 68 | — | 18 | 20 | 32 |
| Inventory days | 962 | — | 294 | 413 | 305 |
| Payable days | — | — | 106 | 170 | 97 |
| NWC days | — | — | 206 | 262 | 240 |
| Leverage | |||||
| Current ratio | 2.02 | — | 1.48 | 1.33 | 1.57 |
| Debt to EBITDA | 0.64 | — | 0.51 | 1.09 | 1.11 |
| Debt to equity | 0.09 | — | 0.25 | 0.46 | 0.38 |
| Interest coverage | 11.2 | 11.8 | 8.3 | 5.6 | 5.8 |
| Asset turnover | 0.37 | — | 1.16 | 0.91 | 1.05 |
| Return ratios | |||||
| Return on assets % | 3.5% | — | 11.1% | 7.6% | 10.4% |
| Return on capital employed % | 7.7% | — | 27.7% | 27% | 31.8% |
| Return on equity % | 9.4% | — | 27.2% | 21.6% | 23.6% |
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.