Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 34.2% | 36.9% | 35.5% | 33.3% |
| EBITDA margin % | 8.3% | 9.3% | 6.3% | 8% |
| EBIT margin % | 6.6% | 7.4% | 4.2% | 5.9% |
| PAT margin % | 3.7% | 3.8% | 1.3% | 2.2% |
| Working capital | ||||
| Receivable days | 90 | 97 | 99 | 102 |
| Inventory days | 175 | 212 | 224 | 198 |
| Payable days | 84 | 79 | 91 | 110 |
| NWC days | 181 | 231 | 233 | 190 |
| Leverage | ||||
| Current ratio | 1.57 | 1.43 | 1.35 | 1.33 |
| Debt to EBITDA | 3.05 | 4.09 | 6.6 | 4.23 |
| Debt to equity | 0.79 | 1.12 | 1.22 | 1.04 |
| Interest coverage | 3.3 | 3.2 | 1.6 | 1.8 |
| Asset turnover | 1.23 | 1.08 | 0.99 | 1.07 |
| Return ratios | ||||
| Return on assets % | 4.6% | 4.1% | 1.2% | 2.3% |
| Return on capital employed % | 16.9% | 19.4% | 12.1% | 15.7% |
| Return on equity % | 11.6% | 11.1% | 3.7% | 6.7% |
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.