Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 59.4% | 46.7% | 48% | 46.8% | 46.8% | 53.5% |
| EBITDA margin % | 36.9% | 26.9% | 28.6% | 24.7% | 25.8% | 29.4% |
| EBIT margin % | 32.4% | 24.1% | 26.1% | 20.9% | 21.9% | 24.4% |
| PAT margin % | 28.2% | 21.5% | 22% | 17% | 18% | 19.9% |
| Working capital | ||||||
| Receivable days | 106 | 104 | 82 | 102 | 96 | 85 |
| Inventory days | 115 | 75 | 64 | 72 | 68 | 110 |
| Payable days | 63 | 46 | 40 | 36 | 45 | 43 |
| NWC days | 158 | 132 | 107 | 137 | 118 | 152 |
| Leverage | ||||||
| Current ratio | 6.08 | 4.64 | 4.52 | 4.53 | 3.31 | 5.4 |
| Debt to EBITDA | 0.01 | 0.04 | 0 | 0.01 | 0.11 | 0 |
| Debt to equity | 0 | 0.01 | 0 | 0 | 0.02 | 0 |
| Interest coverage | 1,597.4 | 1,728.9 | 977.7 | 120 | 1,032.1 | 1,451.6 |
| Asset turnover | 0.55 | 0.77 | 0.82 | 0.67 | 0.69 | 0.62 |
| Return ratios | ||||||
| Return on assets % | 15.5% | 16.6% | 18% | 11.4% | 12.4% | 12.4% |
| Return on capital employed % | 20.6% | 25.3% | 29% | 17.6% | 19.2% | 18.8% |
| Return on equity % | 17.4% | 19% | 20.6% | 13.1% | 14.5% | 14% |
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.