Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 37.6% | 40.2% | 37.4% | 40.8% | 40.6% | 38.9% |
| EBITDA margin % | 15.2% | 19.2% | 13.2% | 14.4% | 13% | 11% |
| EBIT margin % | 13% | 17.5% | 10.6% | 9.6% | 7.6% | 6.1% |
| PAT margin % | 10% | 13.5% | -17.1% | -2.7% | 5.5% | -9.5% |
| Working capital | ||||||
| Receivable days | 87 | 89 | 105 | 79 | 73 | 64 |
| Inventory days | 151 | 186 | 204 | 148 | 179 | 163 |
| Payable days | 148 | 161 | 186 | 95 | 104 | 101 |
| NWC days | 89 | 114 | 123 | 131 | 148 | 126 |
| Leverage | ||||||
| Current ratio | 2.44 | 2.21 | 1.01 | 2.49 | 2.84 | 2.75 |
| Debt to EBITDA | 0.29 | 0.15 | 4.15 | 0.66 | 0.51 | 0.73 |
| Debt to equity | 0.07 | 0.06 | 0.52 | 0.09 | 0.06 | 0.09 |
| Interest coverage | 29.5 | 165 | 7.7 | 5.8 | 7.2 | 7.4 |
| Asset turnover | 1.09 | 1.19 | 0.46 | 0.74 | 0.71 | 0.83 |
| Return ratios | ||||||
| Return on assets % | 10.8% | 16.1% | -7.9% | -2% | 3.9% | -7.9% |
| Return on capital employed % | 22% | 37.1% | 13.7% | 9.9% | 7.1% | 6.6% |
| Return on equity % | 17% | 26.1% | -16.1% | -2.6% | 5.1% | -10.8% |
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.