Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 49.4% | 55.1% | 46.6% | 55.7% | 48% | 55.6% |
| EBITDA margin % | 22.1% | 25% | 14.3% | 17.3% | 8.9% | 18.4% |
| EBIT margin % | 19.9% | 23.1% | 12% | 10.8% | 1.7% | 11.1% |
| PAT margin % | 17.4% | 22.1% | 10.7% | 7.7% | 1.5% | 8.3% |
| Working capital | ||||||
| Receivable days | 110 | 48 | 73 | 65 | 79 | 86 |
| Inventory days | 173 | 319 | 262 | 320 | 246 | 319 |
| Payable days | 114 | 83 | 52 | 94 | 60 | 95 |
| NWC days | 169 | 283 | 283 | 291 | 264 | 310 |
| Leverage | ||||||
| Current ratio | 1.56 | 2.54 | 1.33 | 3.74 | 2.76 | 1.64 |
| Debt to EBITDA | 1.36 | 1.11 | 2.81 | 0.21 | 1.06 | 1.29 |
| Debt to equity | 0.54 | 0.25 | 0.33 | 0.02 | 0.05 | 0.15 |
| Interest coverage | 15.4 | 22.6 | 6.8 | 7.7 | 6.9 | 21 |
| Asset turnover | 0.95 | 0.66 | 0.56 | 0.48 | 0.46 | 0.5 |
| Return ratios | ||||||
| Return on assets % | 16.6% | 14.6% | 6% | 3.7% | 0.7% | 4.2% |
| Return on capital employed % | 33% | 31.9% | 11.3% | 8% | 1.2% | 7.8% |
| Return on equity % | 31.5% | 20.3% | 8.8% | 4.1% | 0.8% | 5.4% |
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.