Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 25.4% | 25.9% | 26% | 25.8% | 24.8% |
| EBITDA margin % | |||||
| 7.2% |
| 6.1% |
| 3.9% |
| 4.4% |
| 4.3% |
| EBIT margin % | 5.9% | 4.3% | 1.8% | 2.4% | 2.4% |
| PAT margin % | 3.6% | 2.5% | 1.3% | 2.5% | 1.8% |
| Working capital | |||||
| Receivable days | 59 | 67 | 70 | 70 | 59 |
| Inventory days | 54 | 57 | 52 | 53 | 60 |
| Payable days | 44 | 58 | 51 | 52 | 52 |
| NWC days | 68 | 65 | 71 | 71 | 67 |
| Leverage | |||||
| Current ratio | 1.74 | 2.43 | 2.74 | 2.61 | 2.44 |
| Debt to EBITDA | 1.3 | 1.2 | 0.28 | 0.45 | 0.29 |
| Debt to equity | 0.34 | 0.16 | 0.02 | 0.04 | 0.03 |
| Interest coverage | 5.2 | 3.7 | 3.4 | 6.1 | 4.7 |
| Asset turnover | 2.05 | 1.46 | 1.56 | 1.62 | 1.68 |
| Return ratios | |||||
| Return on assets % | 7.4% | 3.7% | 2.1% | 4% | 2.9% |
| Return on capital employed % | 18.9% | 10.9% | 5.3% | 8.7% | 6.9% |
| Return on equity % | 12.9% | 5.4% | 2.8% | 5.5% | 4.1% |
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.