Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 29.9% | 22.7% | 19.4% | 17.3% | 16.6% | 18.2% |
| EBITDA margin % | 15.6% | 12.2% | 9.2% | 6.8% | 4.2% | 5.6% |
| EBIT margin % | 14.5% | 11.5% | 8.6% | 6.2% | 3.6% | 5% |
| PAT margin % | 11.9% | 8.9% | 6.2% | 5.4% | 3% | 4.2% |
| Working capital | ||||||
| Receivable days | 103 | 73 | 75 | 76 | 74 | 77 |
| Inventory days | 164 | 95 | 103 | 100 | 91 | 90 |
| Payable days | 151 | 102 | 92 | 90 | 69 | 79 |
| NWC days | 116 | 67 | 87 | 87 | 96 | 88 |
| Leverage | ||||||
| Current ratio | 2.05 | 2.38 | 2.43 | 2.45 | 2.8 | 2.53 |
| Debt to EBITDA | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt to equity | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest coverage | 35.1 | 19.1 | 9.6 | 8 | 6.6 | 13.5 |
| Asset turnover | 1.08 | 1.48 | 1.6 | 1.51 | 1.62 | 1.61 |
| Return ratios | ||||||
| Return on assets % | 12.8% | 13.1% | 10% | 8.1% | 4.8% | 6.7% |
| Return on capital employed % | 30.7% | 31.4% | 24.8% | 19.5% | 11.1% | 15% |
| Return on equity % | 22.3% | 20.7% | 15.6% | 12.4% | 6.8% | 10% |
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.