Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | — | — | 14.4% | 20.6% | 15.8% |
| EBITDA margin % | 13.1% | 11.8% | 9.7% | 12% | 11.3% |
| EBIT margin % | 6.9% | 8.6% | 6% | 7.8% | 6.7% |
| PAT margin % | 2.1% | 5.4% | 3.9% | 4% | 2.8% |
| Working capital | |||||
| Receivable days | — | — | 148 | 146 | 236 |
| Inventory days | — | — | 118 | 120 | 111 |
| Payable days | — | — | 158 | 105 | 162 |
| NWC days | — | — | 107 | 161 | 186 |
| Leverage | |||||
| Current ratio | 1.9 | 1.73 | 1.72 | 1.98 | 1.79 |
| Debt to EBITDA | 2.76 | 1.7 | 2.42 | 1.59 | 1.67 |
| Debt to equity | 0.26 | 0.26 | 0.26 | 0.2 | 0.2 |
| Interest coverage | 1.7 | 3.4 | 2.1 | 2.4 | 2.3 |
| Asset turnover | 0.48 | 0.82 | 0.62 | 0.66 | 0.59 |
| Return ratios | |||||
| Return on assets % | 1% | 4.4% | 2.4% | 2.7% | 1.6% |
| Return on capital employed % | 5.4% | 12.5% | 9% | 11.4% | 8.5% |
| Return on equity % | 1.5% | 7% | 4.3% | 4.3% | 2.9% |
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.