Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 24.1% | 29% | 19.4% | 16.8% | 18.4% | 21.3% |
| EBITDA margin % | 8.8% | 9.5% | 4.2% | 3.8% | 6.6% | 7% |
| EBIT margin % | 7.6% | 8.3% | 3.1% | 2.8% | 5.9% | 6.2% |
| PAT margin % | 5.7% | 6.2% | 1.1% | 1.4% | 2.9% | 14.5% |
| Working capital | ||||||
| Receivable days | 72 | 84 | 61 | 51 | 59 | 0 |
| Inventory days | 110 | 149 | 142 | 94 | 85 | 0 |
| Payable days | 69 | 121 | 76 | 46 | 34 | 0 |
| NWC days | 113 | 113 | 127 | 99 | 110 | 0 |
| Leverage | ||||||
| Current ratio | 1.81 | 1.96 | 1.96 | 2.09 | 1.58 | 144.8 |
| Debt to EBITDA | 1.25 | 0.36 | 2.14 | 2.2 | 2.51 | 0 |
| Debt to equity | 0.42 | 0.12 | 0.35 | 0.36 | 0.91 | 0 |
| Interest coverage | 8.1 | 9.1 | 2 | 2 | 3.2 | 1.6 |
| Asset turnover | 1.15 | 1.12 | 1.22 | 1.47 | 1.63 | 3.78 |
| Return ratios | ||||||
| Return on assets % | 6.6% | 7% | 1.4% | 2% | 4.7% | 54.8% |
| Return on capital employed % | 16.9% | 17.1% | 6.3% | 7.6% | 17.3% | 24.1% |
| Return on equity % | 21.9% | 22.1% | 4.4% | 6.1% | 16% | 55.5% |
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.