Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 34.5% | 30.2% | 29.1% | 27.8% | 26.6% | 26.1% |
| EBITDA margin % | 15.2% | 13.6% | 8.2% | 7.7% | 8.1% | 6.7% |
| EBIT margin % | 13.2% | 12.1% | 6.3% | 5.4% | 6.1% | 4.9% |
| PAT margin % | 10.4% | 9.4% | 5.7% | 5.4% | 5.4% | 4.4% |
| Working capital | ||||||
| Receivable days | 37 | 42 | 39 | 43 | 44 | 48 |
| Inventory days | 34 | 32 | 40 | 35 | 35 | 39 |
| Payable days | 37 | 28 | 25 | 23 | 23 | 26 |
| NWC days | 34 | 47 | 53 | 54 | 56 | 61 |
| Leverage | ||||||
| Current ratio | 2.79 | 3.42 | 3.75 | 4.91 | 5.18 | 5.22 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 181.2 | 346.1 | 235.9 | 102.9 | 332.3 | 248.5 |
| Asset turnover | 1.26 | 1.62 | 1.47 | 1.42 | 1.54 | 1.59 |
| Return ratios | ||||||
| Return on assets % | 13.1% | 15.2% | 8.3% | 7.7% | 8.2% | 7% |
| Return on capital employed % | 21% | 26.3% | 13.2% | 11.4% | 12.8% | 11.2% |
| Return on equity % | 17% | 19% | 10.3% | 9.4% | 10% | 8.6% |
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.