Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 92.5% | 88.8% | 88% | 89.6% | 90% | 90.5% |
| EBITDA margin % | 31% | 37.5% | 31.5% | 29.7% | 31.6% | 25.9% |
| EBIT margin % | 25.3% | 32.3% | 24% | 22.2% | 24.6% | 12.6% |
| PAT margin % | 17.3% | 22.2% | 15.3% | 14.5% | 17.3% | 10.9% |
| Working capital | ||||||
| Receivable days | 14 | 16 | 49 | 16 | 52 | 74 |
| Inventory days | 284 | 185 | 173 | 233 | 224 | 297 |
| Payable days | 191 | 100 | 140 | 63 | 85 | 86 |
| NWC days | 108 | 101 | 83 | 185 | 191 | 285 |
| Leverage | ||||||
| Current ratio | 1.89 | 2.95 | 3.83 | 4.23 | 5.43 | 8.41 |
| Debt to EBITDA | 1.13 | 1.32 | 1.59 | 1.14 | 0.15 | 0 |
| Debt to equity | 0.24 | 0.31 | 0.27 | 0.17 | 0.02 | 0 |
| Interest coverage | 6.3 | 9 | 5.1 | 4.7 | 9.4 | 17.5 |
| Asset turnover | 0.49 | 0.43 | 0.38 | 0.39 | 0.43 | 0.36 |
| Return ratios | ||||||
| Return on assets % | 8.4% | 9.5% | 5.7% | 5.6% | 7.4% | 3.9% |
| Return on capital employed % | 13.9% | 16.7% | 10.9% | 10.2% | 12.1% | 6% |
| Return on equity % | 12% | 14% | 8.2% | 7.5% | 8.6% | 4.3% |
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.