Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | 40.3% | 26.5% |
| EBITDA margin % | 16.5% | 24.3% | ||
| 21.2% |
| 18.7% |
| EBIT margin % | 11.3% | 15% | 12.9% | 13.1% |
| PAT margin % | 6.6% | 8.8% | 8.2% | 7.9% |
| Working capital | ||||
| Receivable days | — | — | 135 | 139 |
| Inventory days | — | — | 147 | 96 |
| Payable days | — | — | 135 | 8 |
| NWC days | — | — | 148 | 226 |
| Leverage | ||||
| Current ratio | 2.5 | 1.98 | 2.24 | 5.84 |
| Debt to EBITDA | 1.3 | 1.12 | 1.18 | 1.46 |
| Debt to equity | 0.38 | 0.46 | 0.32 | 0.42 |
| Interest coverage | 4.5 | 3.6 | 4 | 4.7 |
| Asset turnover | 1.08 | 0.95 | 0.72 | 0.99 |
| Return ratios | ||||
| Return on assets % | 7.1% | 8.4% | 5.9% | 7.8% |
| Return on capital employed % | 17.2% | 23.1% | 18.5% | 18.6% |
| Return on equity % | 11.6% | 15% | 10.5% | 12.1% |
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.