Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 73.1% | 79.1% | 72.3% | 67% | 67.1% |
| EBITDA margin % | |||||
| 45.2% |
| 50.8% |
| 33.7% |
| 28.2% |
| 27.9% |
| EBIT margin % | 39.2% | 43.5% | 20% | 12.3% | 5.1% |
| PAT margin % | 30.1% | 33.5% | 14.4% | 7.6% | 3.4% |
| Working capital | |||||
| Receivable days | 75 | 79 | 96 | 74 | 74 |
| Inventory days | 277 | 478 | 571 | 355 | 341 |
| Payable days | 35 | 75 | 65 | 44 | 53 |
| NWC days | 317 | 482 | 602 | 385 | 361 |
| Leverage | |||||
| Current ratio | 2.7 | 7 | 1.1 | 1.38 | 1.01 |
| Debt to EBITDA | 0.32 | 0.14 | 2.57 | 2.97 | 3.24 |
| Debt to equity | 0.14 | 0.04 | 0.42 | 0.52 | 0.6 |
| Interest coverage | 35 | 33 | 7 | 3.3 | 2 |
| Asset turnover | 0.77 | 0.55 | 0.3 | 0.36 | 0.36 |
| Return ratios | |||||
| Return on assets % | 23.3% | 18.5% | 4.4% | 2.8% | 1.2% |
| Return on capital employed % | 37.4% | 36.5% | 11.2% | 7.7% | 5% |
| Return on equity % | 28.2% | 20.5% | 7% | 4.7% | 2.3% |
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.