Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 33.2% | 34.2% | 33.7% | 39.5% |
| EBITDA margin % | 6.9% | 4.8% | 5.7% | 8.7% |
| EBIT margin % | 4.9% | 1.9% | 3% | 5.4% |
| PAT margin % | 4.4% | 2.5% | 3.3% | 5.9% |
| Working capital | ||||
| Receivable days | 38 | 41 | 32 | 42 |
| Inventory days | 64 | 86 | 87 | 92 |
| Payable days | 28 | 41 | 48 | 61 |
| NWC days | 74 | 86 | 71 | 73 |
| Leverage | ||||
| Current ratio | 5.43 | 4.57 | 4.06 | 4.23 |
| Debt to EBITDA | 0.45 | 0.59 | 0.3 | 0.13 |
| Debt to equity | 0.05 | 0.04 | 0.02 | 0.01 |
| Interest coverage | 51.1 | 12.3 | 21.4 | 46.5 |
| Asset turnover | 1.28 | 1.04 | 1.12 | 0.92 |
| Return ratios | ||||
| Return on assets % | 5.6% | 2.5% | 3.7% | 5.4% |
| Return on capital employed % | 8.2% | 4.4% | 6.3% | 8.4% |
| Return on equity % | 6.8% | 3.1% | 4.7% | 6.7% |
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.