Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 16.6% | 16.1% | 17.3% |
| EBITDA margin % | 5.7% | 5.9% | 7.5% |
| EBIT margin % | 4.9% | 5.2% | 6.7% |
| PAT margin % | 1.5% | 1.5% | 2.5% |
| Working capital | |||
| Receivable days | 36 | 31 | 18 |
| Inventory days | 122 | 129 | 159 |
| Payable days | 54 | 45 | 42 |
| NWC days | 104 | 115 | 135 |
| Leverage | |||
| Current ratio | 1.38 | 1.74 | 1.69 |
| Debt to EBITDA | 3.96 | 3.22 | 2.8 |
| Debt to equity | 1.24 | 0.75 | 0.76 |
| Interest coverage | 1.5 | 1.7 | 2.3 |
| Asset turnover | 1.88 | 1.79 | 1.66 |
| Return ratios | |||
| Return on assets % | 2.9% | 2.7% | 4.2% |
| Return on capital employed % | 22.4% | 21.9% | 22.2% |
| Return on equity % | 8.5% | 5.8% | 9.1% |
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.