Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 26.2% | 28.6% | 32.9% | 39.7% |
| EBITDA margin % | 11.4% | 10.5% | ||
| 8.1% |
| 14.7% |
| EBIT margin % | 8.8% | 7.7% | 1.8% | 7.8% |
| PAT margin % | 5.4% | 4.5% | -1.2% | 3.2% |
| Working capital | ||||
| Receivable days | 63 | 77 | 65 | 59 |
| Inventory days | 88 | 72 | 83 | 94 |
| Payable days | 48 | 57 | 59 | 40 |
| NWC days | 103 | 91 | 88 | 112 |
| Leverage | ||||
| Current ratio | 1.52 | 1.14 | 1.01 | 1.16 |
| Debt to EBITDA | 3.4 | 4.79 | 5.66 | 2.55 |
| Debt to equity | 1.25 | 1.58 | 2.03 | 1.75 |
| Interest coverage | 4.9 | 4.4 | 0.6 | 2.2 |
| Asset turnover | 1.23 | 1.03 | 1.16 | 1.4 |
| Return ratios | ||||
| Return on assets % | 6.6% | 4.6% | -1.4% | 4.5% |
| Return on capital employed % | 16.2% | 13.8% | 4% | 19.6% |
| Return on equity % | 17.3% | 14.1% | -5.5% | 14.9% |
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.