Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 67.3% | 64.3% | 62.9% | 63.2% | 66.7% |
| EBITDA margin % | 21.8% | 21.7% | 17.7% | 15.1% | 21.1% |
| EBIT margin % | 18.9% | 18.9% | 14% | 10.5% | 17.3% |
| PAT margin % | 13.8% | 15% | 10.9% | 9.1% | 13.5% |
| Working capital | |||||
| Receivable days | 58 | 42 | 43 | 43 | 44 |
| Inventory days | 402 | 339 | 366 | 397 | 403 |
| Payable days | 81 | 53 | 73 | 94 | 127 |
| NWC days | 378 | 328 | 336 | 346 | 320 |
| Leverage | |||||
| Current ratio | 2.48 | 4.95 | 4.11 | 3.76 | 3.08 |
| Debt to EBITDA | 0.47 | 0.06 | 0.31 | 0.58 | 0.37 |
| Debt to equity | 0.19 | 0.02 | 0.07 | 0.09 | 0.11 |
| Interest coverage | 41.2 | 45.9 | 30 | 14.8 | 21 |
| Asset turnover | 1.19 | 1.29 | 1.01 | 0.82 | 0.93 |
| Return ratios | |||||
| Return on assets % | 16.4% | 19.4% | 11% | 7.5% | 12.6% |
| Return on capital employed % | 31.1% | 32.8% | 18.2% | 12.9% | 22.8% |
| Return on equity % | 24.6% | 24.7% | 14.4% | 9.9% | 18.2% |
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.