Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 20.6% | 21.7% | 22.6% |
| EBITDA margin % | 9.6% | 7.9% | 8.8% |
| EBIT margin % |
| 8.8% |
| 5.9% |
| 7.1% |
| PAT margin % | 6.8% | 3.7% | 4.8% |
| Working capital | |||
| Receivable days | 66 | 95 | 90 |
| Inventory days | 66 | 68 | 86 |
| Payable days | 47 | 96 | 89 |
| NWC days | 84 | 67 | 87 |
| Leverage | |||
| Current ratio | 1.94 | 1.53 | 1.55 |
| Debt to EBITDA | 1.78 | 1.55 | 1.31 |
| Debt to equity | 0.31 | 0.29 | 0.29 |
| Interest coverage | 17.7 | 4.5 | 5.2 |
| Asset turnover | 1.16 | 1.3 | 1.35 |
| Return ratios | |||
| Return on assets % | 7.9% | 4.7% | 6.5% |
| Return on capital employed % | 13.9% | 13% | 18.4% |
| Return on equity % | 12.3% | 8.8% | 12.2% |
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.