Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | 57% | 56.9% | 54.6% | 53.2% | 56.8% |
| EBITDA margin % | — | 25.5% | 24.6% | 24.2% | 25.7% | 28.3% |
| EBIT margin % | — | 19.7% | 19.2% | 18.1% | 19.8% | 22.7% |
| PAT margin % | 14.9% | 14.9% | 15.5% | 13.6% | 15.6% | 18% |
| Working capital | ||||||
| Receivable days | — | 85 | 76 | 94 | 84 | 85 |
| Inventory days | — | 95 | 95 | 92 | 71 | 76 |
| Payable days | — | 71 | 83 | 79 | 71 | 81 |
| NWC days | — | 109 | 88 | 108 | 84 | 81 |
| Leverage | ||||||
| Current ratio | — | 3.27 | 3.43 | 2.03 | 2.71 | 2.83 |
| Debt to EBITDA | — | 0.13 | 0.19 | 0.45 | 0.08 | 0.03 |
| Debt to equity | — | 0.03 | 0.05 | 0.12 | 0.02 | 0.01 |
| Interest coverage | -5.8 | 25.5 | 40.5 | 14.2 | 28.1 | 60.1 |
| Asset turnover | — | 0.81 | 0.8 | 0.8 | 0.87 | 0.86 |
| Return ratios | ||||||
| Return on assets % | — | 12% | 12.5% | 10.8% | 13.6% | 15.4% |
| Return on capital employed % | — | 20% | 22.5% | 22.2% | 23% | 28.5% |
| Return on equity % | — | 15.3% | 15.7% | 15.5% | 17.5% | 19.8% |
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.