Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 38.6% | 34.1% | 34.9% | 35.5% | 34.4% |
| EBITDA margin % | 12.7% | 11% | 10.7% | 10.9% | 9.8% |
| EBIT margin % | 10.6% | 9% | 8.3% | 8.4% | 7.2% |
| PAT margin % | 5.8% | 4.8% | 15.5% | 4.4% | 3.7% |
| Working capital | |||||
| Receivable days | 40 | 32 | 37 | 40 | 43 |
| Inventory days | 108 | 101 | 90 | 95 | 102 |
| Payable days | 110 | 95 | 77 | 96 | 108 |
| NWC days | 38 | 37 | 49 | 39 | 38 |
| Leverage | |||||
| Current ratio | 1 | 0.97 | 0.91 | 0.93 | 1.01 |
| Debt to EBITDA | 1.72 | 1.44 | 2.26 | 1.71 | 1.62 |
| Debt to equity | 0.82 | 0.56 | 0.73 | 0.51 | 0.46 |
| Interest coverage | 4.6 | 4.5 | 3.6 | 3.2 | 3.1 |
| Asset turnover | 1.32 | 1.45 | 1.32 | 1.3 | 1.35 |
| Return ratios | |||||
| Return on assets % | 7.6% | 7% | 20.4% | 5.7% | 5% |
| Return on capital employed % | 25.9% | 24.4% | 21.1% | 18.8% | 17.8% |
| Return on equity % | 21.6% | 17.1% | 46.8% | 12% | 10.5% |
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.