Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 36% | 32.2% | 30.6% | 31.9% | 33.5% |
| EBITDA margin % | 6.3% | 5.7% | 5% | 3.9% | 6.3% |
| EBIT margin % | 5% | 4.7% | 3.9% | 1.5% | 4.3% |
| PAT margin % | 2.8% | 2.9% | 1.6% | -1.3% | 1.2% |
| Working capital | |||||
| Receivable days | 97 | 80 | 82 | 90 | 82 |
| Inventory days | 95 | 65 | 66 | 77 | 66 |
| Payable days | 70 | 51 | 58 | 67 | 55 |
| NWC days | 123 | 93 | 89 | 100 | 93 |
| Leverage | |||||
| Current ratio | 1.44 | 1.12 | 1.21 | 1.06 | 1.15 |
| Debt to EBITDA | 2.77 | 3.44 | 6.78 | 8.81 | 4.23 |
| Debt to equity | 0.58 | 0.8 | 1.31 | 1.85 | 1.6 |
| Interest coverage | 3.5 | 3.9 | 2.7 | 0.6 | 1.7 |
| Asset turnover | 1.54 | 1.7 | 1.33 | 1.42 | 1.73 |
| Return ratios | |||||
| Return on assets % | 4.2% | 4.9% | 2.2% | -1.9% | 2.1% |
| Return on capital employed % | 16.7% | 21.4% | 13.1% | 5.5% | 17% |
| Return on equity % | 9.2% | 11.8% | 6.3% | -7.1% | 7.1% |
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.