Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 39.1% | 39.3% | 28.9% | 28.2% | 27.7% | 28% |
| EBITDA margin % | 22.1% | 25% | 11.8% | 11.9% | 12.3% | 12.6% |
| EBIT margin % | 17.4% | 22.4% | 8.1% | 6.9% | 7.6% | 7.8% |
| PAT margin % | 13.4% | 16.6% | 6.7% | 7.8% | 6% | 5.7% |
| Working capital | ||||||
| Receivable days | — | — | 17 | 20 | 19 | 18 |
| Inventory days | — | — | 90 | 83 | 100 | 123 |
| Payable days | — | — | 62 | 91 | 97 | 133 |
| NWC days | — | — | 45 | 12 | 21 | 8 |
| Leverage | ||||||
| Current ratio | — | — | 1.44 | 1.39 | 1.2 | 1 |
| Debt to EBITDA | — | — | 0.78 | 0.37 | 0.42 | 0.42 |
| Debt to equity | — | — | 0.16 | 0.06 | 0.07 | 0.09 |
| Interest coverage | 17.9 | 103 | 12.2 | 8.1 | 9.6 | 8.6 |
| Asset turnover | — | — | 1.13 | 0.91 | 0.93 | 0.92 |
| Return ratios | ||||||
| Return on assets % | — | — | 7.6% | 7.1% | 5.6% | 5.3% |
| Return on capital employed % | — | — | 13.8% | 11.3% | 12.3% | 13.5% |
| Return on equity % | — | — | 11.8% | 10.7% | 8.6% | 9.2% |
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.