Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 96.2% | 95.8% | 96.7% | 96.8% |
| EBITDA margin % | 4.4% | 5.5% | ||
| 6.1% |
| 4.6% |
| EBIT margin % | 2.6% | 3.3% | 4.4% | 3% |
| PAT margin % | 1.7% | 2.7% | 4.4% | 2.8% |
| Working capital | ||||
| Receivable days | 74 | 83 | 81 | 75 |
| Inventory days | 32 | 25 | 32 | 40 |
| Payable days | 361 | 284 | 359 | 256 |
| NWC days | -255 | -176 | -246 | -142 |
| Leverage | ||||
| Current ratio | 1.17 | 1.75 | 2.07 | 2.32 |
| Debt to EBITDA | 1.91 | 0.39 | 0.29 | 0 |
| Debt to equity | 0.46 | 0.06 | 0.05 | 0 |
| Interest coverage | 4.7 | 5.4 | 15 | 16.1 |
| Asset turnover | 1.72 | 1.59 | 1.72 | 1.79 |
| Return ratios | ||||
| Return on assets % | 2.8% | 4.3% | 7.5% | 5% |
| Return on capital employed % | 11.1% | 13.1% | 15% | 9.5% |
| Return on equity % | 9.1% | 7.9% | 12.4% | 7.9% |
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.