Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 49.1% | 48.9% | 44.2% | 19.2% |
| EBITDA margin % | 15.9% | 17.3% | ||
Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 49.1% | 48.9% | 44.2% | 19.2% |
| EBITDA margin % | 15.9% | 17.3% | ||
| 12.7% |
| 11.7% |
| EBIT margin % | 12.4% | 16% | 11.8% | 11.2% |
| PAT margin % | 8.1% | 10.5% | 8% | 7.7% |
| Working capital | ||||
| Receivable days | 63 | 75 | 173 | 76 |
| Inventory days | 52 | 68 | 26 | 37 |
| Payable days | 39 | 179 | 284 | 133 |
| NWC days | 75 | -35 | -86 | -20 |
| Leverage | ||||
| Current ratio | 1.24 | 1.29 | 1.72 | 1.32 |
| Debt to EBITDA | 0.53 | 1.46 | 0.95 | 1.07 |
| Debt to equity | 0.24 | 0.72 | 0.24 | 0.32 |
| Interest coverage | 5.5 | 5.3 | 5.6 | 6.2 |
| Asset turnover | 1.28 | 1.05 | 0.81 | 1.07 |
| Return ratios | ||||
| Return on assets % | 10.3% | 11% | 6.5% | 8.3% |
| Return on capital employed % | 29.1% | 50.8% | 31% | 31.5% |
| Return on equity % | 22.9% | 29.8% | 16.3% | 19.8% |
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.