Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 12.8% | 12% | 11% | 11.5% |
| EBITDA margin % | 7.8% | 6.8% | 4.5% | 5.5% |
| EBIT margin % | 7.3% | 6.3% | 3.8% | 4.8% |
| PAT margin % | 5.2% | 4% | 2.1% | 3.2% |
| Working capital | ||||
| Receivable days | 50 | 55 | 63 | 62 |
| Inventory days | 46 | 45 | 49 | 63 |
| Payable days | 58 | 38 | 33 | 43 |
| NWC days | 38 | 63 | 78 | 82 |
| Leverage | ||||
| Current ratio | 1.61 | 2.52 | 2.91 | 2.61 |
| Debt to EBITDA | 0.54 | 0.73 | 1.03 | 0.72 |
| Debt to equity | 0.23 | 0.17 | 0.15 | 0.12 |
| Interest coverage | 6.3 | 4.6 | 3.4 | 5.8 |
| Asset turnover | 2.5 | 2.12 | 1.99 | 1.91 |
| Return ratios | ||||
| Return on assets % | 13.1% | 8.5% | 4.3% | 6.2% |
| Return on capital employed % | 38% | 24.7% | 11.7% | 14.4% |
| Return on equity % | 28.8% | 14.1% | 6.8% | 10.1% |
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.