Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 51.3% | 46.3% | 46.8% | 48.2% |
| EBITDA margin % | 28.6% | 22.1% | ||
Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 51.3% | 46.3% | 46.8% | 48.2% |
| EBITDA margin % | 28.6% | 22.1% | ||
| 28.8% |
| 31.3% |
| EBIT margin % | 25% | 15.5% | 23.4% | 25.6% |
| PAT margin % | 20% | 13.8% | 18.9% | 19.8% |
| Working capital | ||||
| Receivable days | 145 | 142 | 126 | 123 |
| Inventory days | 286 | 391 | 324 | 326 |
| Payable days | 94 | 118 | 104 | 120 |
| NWC days | 338 | 415 | 346 | 330 |
| Leverage | ||||
| Current ratio | 7.18 | 4.51 | 3.25 | 1.78 |
| Debt to EBITDA | 0 | 1.27 | 0.82 | 1.21 |
| Debt to equity | 0 | 0.08 | 0.09 | 0.18 |
| Interest coverage | 35.3 | 15.5 | 18.4 | 17.6 |
| Asset turnover | 0.47 | 0.25 | 0.32 | 0.36 |
| Return ratios | ||||
| Return on assets % | 9.5% | 3.4% | 6% | 7.2% |
| Return on capital employed % | 14% | 7.8% | 10.8% | 13.2% |
| Return on equity % | 10.5% | 4% | 7.1% | 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.