Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | 34.3% |
| EBITDA margin % | 7.8% | 6.2% | 6.3% | 3.6% |
| EBIT margin % | 5.5% | 3.2% | 1.3% | -1.3% |
| PAT margin % | 5.2% | 4.3% | 3.9% | 4.9% |
| Working capital | ||||
| Receivable days | — | — | — | 110 |
| Inventory days | — | — | — | 117 |
| Payable days | — | — | — | 48 |
| NWC days | — | — | — | 178 |
| Leverage | ||||
| Current ratio | 1.94 | 1.56 | 3.33 | 3.59 |
| Debt to EBITDA | 1.87 | 2.69 | 4.04 | 5.24 |
| Debt to equity | 0.47 | 0.54 | 0.23 | 0.2 |
| Interest coverage | 7.6 | 5.1 | 3.5 | 4.9 |
| Asset turnover | 1.95 | 1.71 | 0.67 | 0.78 |
| Return ratios | ||||
| Return on assets % | 10.1% | 7.4% | 2.6% | 3.8% |
| Return on capital employed % | 24.1% | 22.9% | 9% | 8.4% |
| Return on equity % | 16.7% | 14% | 3.6% | 5.1% |
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.