Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 7.9% | 7.6% | 6.7% | 10% |
| EBITDA margin % | 4% | 3.4% | ||
Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 7.9% | 7.6% | 6.7% | 10% |
| EBITDA margin % | 4% | 3.4% | ||
| 3.2% |
| 4.4% |
| EBIT margin % | 2.5% | 1.6% | 1.9% | 2.5% |
| PAT margin % | 0.9% | 0.1% | 0.5% | 0.6% |
| Working capital | ||||
| Receivable days | 44 | 59 | 56 | 72 |
| Inventory days | 14 | 10 | 6 | 13 |
| Payable days | 18 | 21 | 19 | 17 |
| NWC days | 41 | 48 | 44 | 68 |
| Leverage | ||||
| Current ratio | 1.44 | 1.61 | 1.37 | 1.58 |
| Debt to EBITDA | 3.14 | 4.55 | 4.33 | 5.16 |
| Debt to equity | 0.94 | 0.94 | 1.08 | 1.22 |
| Interest coverage | 2 | 1 | 1.6 | 1.3 |
| Asset turnover | 3.07 | 2.55 | 3 | 2.07 |
| Return ratios | ||||
| Return on assets % | 2.9% | 0.2% | 1.5% | 1.2% |
| Return on capital employed % | 17% | 8.1% | 12.7% | 11.3% |
| Return on equity % | 7.1% | 0.4% | 3.8% | 3.2% |
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.