Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 79.7% | 82.1% | 80.1% | 79.7% | 80.6% |
| EBITDA margin % | 27.6% | 25.7% | 26.8% | 25% | 24.2% |
| EBIT margin % | 20.7% | 20.4% | 22.5% | 18.5% | 16.9% |
| PAT margin % | 11% | 12.6% | 17.1% | 14.8% | 14.1% |
| Working capital | |||||
| Receivable days | 78 | 76 | 124 | 125 | 113 |
| Inventory days | 23 | 24 | 22 | 43 | 32 |
| Payable days | 92 | 66 | 80 | 60 | 171 |
| NWC days | 10 | 33 | 66 | 108 | -26 |
| Leverage | |||||
| Current ratio | 1.13 | 1.77 | 7.59 | 10.12 | 3.87 |
| Debt to EBITDA | 2.33 | 1.97 | 0.46 | 0 | 0.87 |
| Debt to equity | 2.21 | 1.44 | 0.09 | 0 | 0.14 |
| Interest coverage | 3.9 | 5.1 | 17.6 | 23.9 | 35.2 |
| Asset turnover | 0.94 | 1.07 | 0.66 | 0.51 | 0.53 |
| Return ratios | |||||
| Return on assets % | 10.4% | 13.5% | 11.2% | 7.5% | 7.5% |
| Return on capital employed % | 25.7% | 30.5% | 24.8% | 13.8% | 12.3% |
| Return on equity % | 37.8% | 35.9% | 13.1% | 8.1% | 9.4% |
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.