Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 27.7% | 30% | 29.8% |
| EBITDA margin % | 9.7% | 8.1% | 6% |
| EBIT margin % | 6.7% | 4.3% | 0.9% |
| PAT margin % | 4.3% | 2.9% | 0.4% |
| Working capital | |||
| Receivable days | 29 | 29 | 34 |
| Inventory days | 102 | 94 | 114 |
| Payable days | 85 | 77 | 90 |
| NWC days | 46 | 46 | 58 |
| Leverage | |||
| Current ratio | 1.13 | 1.7 | 1.37 |
| Debt to EBITDA | 0.66 | 0.96 | 1.86 |
| Debt to equity | 0.11 | 0.12 | 0.15 |
| Interest coverage | 13.8 | 5.1 | 1.9 |
| Asset turnover | 0.98 | 0.96 | 0.86 |
| Return ratios | |||
| Return on assets % | 4.2% | 2.8% | 0.4% |
| Return on capital employed % | 10.2% | 6.9% | 2.1% |
| Return on equity % | 7.5% | 4.3% | 0.6% |
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.