Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 20.7% | 20.4% | 19.4% | 18.8% |
| EBITDA margin % | 8% | 5.9% | 4.9% | 6.1% |
| EBIT margin % | 6.6% | 4.3% | 2.6% | 4% |
| PAT margin % | 4.2% | 3.2% | 0.7% | 2.2% |
| Working capital | ||||
| Receivable days | 100 | 114 | 92 | 96 |
| Inventory days | 60 | 51 | 35 | 46 |
| Payable days | 49 | 17 | 20 | 18 |
| NWC days | 111 | 148 | 107 | 124 |
| Leverage | ||||
| Current ratio | 2.09 | 2.43 | 2.18 | 2.19 |
| Debt to EBITDA | 2.03 | 4.09 | 3.36 | 2.8 |
| Debt to equity | 0.56 | 0.66 | 0.43 | 0.47 |
| Interest coverage | 4.4 | 3 | 1.5 | 2.8 |
| Asset turnover | 1.72 | 1.5 | 1.59 | 1.66 |
| Return ratios | ||||
| Return on assets % | 7.1% | 4.8% | 1.2% | 3.6% |
| Return on capital employed % | 19% | 14.1% | 6.3% | 11.1% |
| Return on equity % | 14.4% | 8.8% | 1.9% | 6% |
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.