Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | — | — | — | 25.2% | 25.6% | 27.1% |
| EBITDA margin % | 25.4% | 21.8% | 11.6% | 11.9% | 11.8% | 10% |
| EBIT margin % | 23.1% | 20.1% | 10% | 10.2% | 10% | 6.7% |
| PAT margin % | 17.2% | 14.8% | 7.7% | 7.8% | 7.9% | 5.3% |
| Working capital | ||||||
| Receivable days | — | — | — | 49 | 54 | 46 |
| Inventory days | — | — | — | 59 | 126 | 97 |
| Payable days | — | — | — | 50 | 99 | 61 |
| NWC days | — | — | — | 58 | 81 | 81 |
| Leverage | ||||||
| Current ratio | 2.96 | 2.95 | — | 2.71 | 2.06 | 2.29 |
| Debt to EBITDA | 0.13 | 0.02 | — | 0.04 | 0.59 | 0.9 |
| Debt to equity | 0.06 | 0.01 | — | 0.01 | 0.18 | 0.23 |
| Interest coverage | 26.7 | 54.8 | 47.4 | 85.5 | 54.8 | 12.6 |
| Asset turnover | 1.24 | 1.77 | — | 2.14 | 1.3 | 1.38 |
| Return ratios | ||||||
| Return on assets % | 21.3% | 26.2% | — | 16.7% | 10.3% | 7.4% |
| Return on capital employed % | 38.7% | 46.3% | — | 30.2% | 25.7% | 13.9% |
| Return on equity % | 31.5% | 37.7% | — | 24% | 20.1% | 13.4% |
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.