Consolidated figures
| Ratio | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin % | 78.1% | 80.8% | 82.3% | 45.3% | 85.7% | 64.5% | 58.1% |
| EBITDA margin % | 22.8% | 28.4% | 31.9% | 18.5% | 25.6% | 25% | 23.8% |
| EBIT margin % | 20.1% | 26.4% | 30.1% | 15.4% | 20.9% | 21.2% | 19.6% |
| PAT margin % | 14% | 18.2% | 21% | 12.7% | 19.1% | 15% | 12.9% |
| Working capital | |||||||
| Receivable days | 5 | 3 | 11 | 25 | 10 | 44 | 31 |
| Inventory days | 341 | 271 | 190 | 92 | 794 | 312 | 149 |
| Payable days | — | — | — | 79 | 275 | 245 | 146 |
| NWC days | — | — | — | 37 | 529 | 111 | 35 |
| Leverage | |||||||
| Current ratio | 2.05 | 2.74 | 1.68 | 3.52 | 4.92 | 1.15 | 1.15 |
| Debt to EBITDA | — | — | — | 0.52 | 0.41 | 2.4 | 0.82 |
| Debt to equity | — | — | — | 0.11 | 0.06 | 0.72 | 0.31 |
| Interest coverage | 13.5 | 35.2 | 36.1 | 13.9 | 17.3 | 6.3 | 5.1 |
| Asset turnover | 0.74 | 0.89 | 0.81 | 0.84 | 0.48 | 0.56 | 0.92 |
| Return ratios | |||||||
| Return on assets % | 10.4% | 16.2% | 17.1% | 10.7% | 9.2% | 8.3% | 11.9% |
| Return on capital employed % | 21% | 33.7% | 36.1% | 27.4% | 15.6% | 23.2% | 26.6% |
| Return on equity % | 14.7% | 21% | 22% | 14% | 11.1% | 18% | 20.2% |
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.