Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross margin % | 35.8% | 35% | 36.6% | 37.2% | 37.9% | 38.4% |
| EBITDA margin % | 12.8% | 11.3% | 11.7% | 12.4% | 12.4% | 11.6% |
| EBIT margin % | 9.8% | 8.6% | 9.3% | 10.3% | 8.7% | 8.2% |
| PAT margin % | 3.6% | 8.2% | 8.3% | 9.2% | 8% | 7.4% |
| Working capital | ||||||
| Receivable days | 68 | 87 | 83 | 79 | 80 | 92 |
| Inventory days | 55 | 71 | 84 | 57 | 63 | 40 |
| Payable days | 53 | 76 | 98 | 121 | 129 | 156 |
| NWC days | 70 | 81 | 69 | 15 | 14 | -24 |
| Leverage | ||||||
| Current ratio | 2.08 | 4.06 | 2.92 | 2.51 | 2.11 | 1.95 |
| Debt to EBITDA | 0.57 | 0.12 | 0.01 | 0 | 0.29 | 0.29 |
| Debt to equity | 0.16 | 0.02 | 0 | 0 | 0.05 | 0.05 |
| Interest coverage | 34.7 | 33.1 | 73.2 | 70.5 | 19.2 | 19 |
| Asset turnover | 1.44 | 0.95 | 0.97 | 1.01 | 1 | 1 |
| Return ratios | ||||||
| Return on assets % | 5.3% | 7.8% | 8.1% | 9.3% | 8% | 7.3% |
| Return on capital employed % | 22.1% | 15.7% | 14.4% | 18.1% | 17.4% | 16.7% |
| Return on equity % | 7.8% | 9.6% | 10.6% | 12.9% | 12.1% | 11.4% |
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.