Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 34.8% | 25.5% | 29.3% | 29.3% | 31.1% | 30.4% |
| EBITDA margin % | 17.4% | 12.4% | 13.5% | 13.6% | 12.7% | 11.9% |
| EBIT margin % | 14.1% | 9.1% | 9.7% | 10.3% | 9.5% | 8.6% |
| PAT margin % | 11.3% | 6.6% | 6.5% | 7.1% | 6.6% | 6.2% |
| Working capital | ||||||
| Receivable days | 74 | 75 | 78 | 85 | 83 | 85 |
| Inventory days | 75 | 63 | 59 | 80 | 90 | 88 |
| Payable days | 12 | 7 | 58 | 62 | 73 | 71 |
| NWC days | 138 | 131 | 79 | 103 | 101 | 103 |
| Leverage | ||||||
| Current ratio | 2.36 | 2.07 | 2.08 | 1.99 | 1.94 | 1.57 |
| Debt to EBITDA | 0.07 | 0.24 | 0.33 | 0.42 | 0.71 | 1.43 |
| Debt to equity | 0.02 | 0.05 | 0.08 | 0.1 | 0.16 | 0.31 |
| Interest coverage | 36.6 | 11.6 | 7.4 | 10.2 | 11.3 | 8 |
| Asset turnover | 1.26 | 1.18 | 1.21 | 1.16 | 1.1 | 1.05 |
| Return ratios | ||||||
| Return on assets % | 14.3% | 7.8% | 7.8% | 8.3% | 7.2% | 6.5% |
| Return on capital employed % | 26.6% | 21.5% | 16.7% | 18.2% | 16.1% | 16% |
| Return on equity % | 19.6% | 12.1% | 11.7% | 12.5% | 11.5% | 11.2% |
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.