Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 85.5% | 88.2% | 85.6% | 83.7% | 86.1% |
| EBITDA margin % | 8.3% | 10.3% | 11.1% | 13% | 17.5% |
| EBIT margin % | 6% | 7.5% | 8.9% | 10.6% | 15% |
| PAT margin % | 4.6% | 5.9% | 7.2% | 7.7% | 10.5% |
| Working capital | |||||
| Receivable days | 117 | 123 | 119 | 109 | 122 |
| Inventory days | 12 | 12 | 8 | 10 | 7 |
| Payable days | 308 | 438 | 232 | 132 | 188 |
| NWC days | -179 | -304 | -105 | -13 | -59 |
| Leverage | |||||
| Current ratio | 3.03 | 2.42 | 2.83 | 1.86 | 1.95 |
| Debt to EBITDA | 0.02 | 0.64 | 0.44 | 1.16 | 0.55 |
| Debt to equity | 0 | 0.11 | 0.1 | 0.33 | 0.19 |
| Interest coverage | 11.7 | 10.6 | 15.6 | 8.7 | 7.8 |
| Asset turnover | 1.14 | 1.11 | 1.3 | 1.19 | 1.15 |
| Return ratios | |||||
| Return on assets % | 5.2% | 6.6% | 9.3% | 9.1% | 12.1% |
| Return on capital employed % | 10.3% | 14.9% | 19.4% | 23.6% | 31.3% |
| Return on equity % | 7.5% | 10.2% | 14.2% | 16.6% | 21.1% |
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.