Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 13.6% | 14.6% | 14.3% | 14.4% |
| EBITDA margin % | 6.2% | 7.2% | 6.5% | 6.1% |
| EBIT margin % | 4.6% | 5.5% | 4.6% | 3.9% |
| PAT margin % | 2.3% | 2.9% | 2.3% | 1.5% |
| Working capital | ||||
| Receivable days | 9 | 11 | 9 | 3 |
| Inventory days | 60 | 66 | 76 | 74 |
| Payable days | 2 | 3 | 6 | 4 |
| NWC days | 67 | 73 | 79 | 73 |
| Leverage | ||||
| Current ratio | 1.9 | 1.97 | 1.71 | 1.82 |
| Debt to EBITDA | 2.16 | 1.59 | 2.18 | 2.03 |
| Debt to equity | 0.61 | 0.52 | 0.64 | 0.55 |
| Interest coverage | 2.7 | 3.3 | 2.8 | 1.9 |
| Asset turnover | 2.02 | 2.05 | 1.88 | 1.89 |
| Return ratios | ||||
| Return on assets % | 4.6% | 6% | 4.3% | 2.8% |
| Return on capital employed % | 13.4% | 16.7% | 13.5% | 10.5% |
| Return on equity % | 10.4% | 13.4% | 10.5% | 6.6% |
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.