Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 45.9% | 56.2% | 51.1% | 48.8% | 48.5% | 48.8% |
| EBITDA margin % | 19.2% | 21.8% | 18.3% | 14.4% | 12.9% | 12.4% |
| EBIT margin % | 14.9% | 16.6% | 13.4% | 9.8% | 7.8% | 7.3% |
| PAT margin % | 12.5% | 16% | 12.7% | 6.6% | 6.6% | 4.9% |
| Working capital | ||||||
| Receivable days | 127 | 119 | 132 | 116 | 113 | 114 |
| Inventory days | 33 | 148 | 239 | 266 | 268 | 285 |
| Payable days | 152 | 216 | 209 | 136 | 151 | 155 |
| NWC days | 9 | 51 | 162 | 245 | 230 | 244 |
| Leverage | ||||||
| Current ratio | 1.44 | 2.12 | 1.82 | 1.86 | 1.78 | 2.01 |
| Debt to EBITDA | 0.76 | 0.82 | 1.34 | 1.94 | 2.34 | 2.48 |
| Debt to equity | 0.16 | 0.13 | 0.16 | 0.15 | 0.18 | 0.19 |
| Interest coverage | 19.4 | 15.8 | 8.3 | 4 | 3.5 | 3.2 |
| Asset turnover | 0.54 | 0.44 | 0.41 | 0.39 | 0.42 | 0.45 |
| Return ratios | ||||||
| Return on assets % | 6.8% | 7% | 5.2% | 2.6% | 2.8% | 2.2% |
| Return on capital employed % | 11.2% | 12.2% | 8.9% | 6.4% | 6% | 5.2% |
| Return on equity % | 13.8% | 11.9% | 8.3% | 3.6% | 3.8% | 3% |
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.