Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.1% | 21.3% | 28.2% | 31.5% | 37.5% | 32.7% |
| EBITDA margin % | 7.9% | 8% | 13.1% | 12.7% | 9.8% | 9.2% |
| EBIT margin % | 5% | 5.8% | 11.2% | 11% | 5.9% | 5% |
| PAT margin % | 4.7% | 5.3% | 9.9% | 9.3% | 5.1% | 5.4% |
| Working capital | ||||||
| Receivable days | 26 | 64 | 103 | 74 | 55 | 92 |
| Inventory days | 96 | 78 | 76 | 97 | 152 | 117 |
| Payable days | 61 | 34 | 56 | 48 | 40 | 71 |
| NWC days | 61 | 109 | 123 | 122 | 167 | 138 |
| Leverage | ||||||
| Current ratio | 2.26 | 2.13 | 2.5 | 2.78 | 2.19 | 2.03 |
| Debt to EBITDA | 0.47 | 1.48 | 1.04 | 1.1 | 2.79 | 3.81 |
| Debt to equity | 0.09 | 0.34 | 0.27 | 0.2 | 0.33 | 0.25 |
| Interest coverage | 7.3 | 9.7 | 18.6 | 12.7 | 4.1 | 3.7 |
| Asset turnover | 1.65 | 1.78 | 1.26 | 0.99 | 0.78 | 0.53 |
| Return ratios | ||||||
| Return on assets % | 7.8% | 9.4% | 12.5% | 9.3% | 4% | 2.9% |
| Return on capital employed % | 18.2% | 25.4% | 34.7% | 24.6% | 11.7% | 7.5% |
| Return on equity % | 11.4% | 15.2% | 19.5% | 13.3% | 6.1% | 3.9% |
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.