Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 57.2% | 40.2% | 56.5% | 56.7% | 58.9% | 58.4% |
| EBITDA margin % | 17.6% | 16.8% | 16.1% | 17.1% | 17.1% | 18.1% |
| EBIT margin % | 11% | 10.8% | 10.6% | 11.8% | 11.3% | 12.2% |
| PAT margin % | 7.1% | 6.6% | 6.3% | 6.7% | 7.2% | 9.3% |
| Working capital | ||||||
| Receivable days | 74 | 75 | 68 | 60 | 55 | 65 |
| Inventory days | 137 | 85 | 133 | 126 | 147 | 169 |
| Payable days | 125 | 81 | 105 | 107 | 107 | 136 |
| NWC days | 86 | 79 | 96 | 79 | 96 | 98 |
| Leverage | ||||||
| Current ratio | 1.05 | 1.08 | 1.12 | 1.02 | 2.55 | 1.76 |
| Debt to EBITDA | 2.01 | 1.93 | 1.89 | 1.67 | 0.58 | 0.72 |
| Debt to equity | 0.62 | 0.63 | 0.61 | 0.59 | 0.11 | 0.15 |
| Interest coverage | 4.1 | 4.5 | 4.3 | 4.3 | 5.2 | 12.9 |
| Asset turnover | 0.8 | 0.9 | 0.95 | 1.01 | 0.81 | 0.78 |
| Return ratios | ||||||
| Return on assets % | 5.7% | 5.9% | 6% | 6.7% | 5.8% | 7.3% |
| Return on capital employed % | 15.1% | 16.6% | 16.9% | 19.2% | 14.5% | 14.7% |
| Return on equity % | 12.5% | 12.9% | 12.7% | 13.9% | 7.9% | 10.6% |
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.