Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 34.1% | 35.8% | 36.3% | 35.8% | 34.3% |
| EBITDA margin % | 11.6% | 11.9% | 7.2% | 10.5% | 10.8% |
| EBIT margin % | 9.5% | 9.9% | 4.6% | 7.9% | 8.7% |
| PAT margin % | 8% | 5.6% | 3.2% | 5.8% | 7.1% |
| Working capital | |||||
| Receivable days | 79 | 80 | 79 | 105 | 87 |
| Inventory days | 96 | 191 | 209 | 175 | 161 |
| Payable days | — | 139 | 64 | 98 | 87 |
| NWC days | — | 132 | 223 | 182 | 160 |
| Leverage | |||||
| Current ratio | 1 | 1.89 | 2.53 | 2.22 | 2.05 |
| Debt to EBITDA | 3.03 | 2.72 | 2.63 | 1.23 | 1.06 |
| Debt to equity | 4.76 | 0.57 | 0.3 | 0.23 | 0.25 |
| Interest coverage | 3.6 | 3.1 | 3.3 | 6.2 | 11.2 |
| Asset turnover | 1.63 | 0.8 | 0.93 | 1.06 | 1.27 |
| Return ratios | |||||
| Return on assets % | 13.1% | 4.4% | 3% | 6.1% | 8.9% |
| Return on capital employed % | 66.8% | 27.6% | 8.4% | 15.7% | 23.4% |
| Return on equity % | 108.6% | 9.8% | 5.1% | 10.4% | 15.7% |
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.