Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 12.8% | 15.5% | 14.2% | 14.6% |
| EBITDA margin % | 8.2% | 10.8% | 9.8% | 10.6% |
| EBIT margin % | 8.1% | 10% | 8.8% | 9.7% |
| PAT margin % | 5.6% | 6.7% | 6.1% | 6.6% |
| Working capital | ||||
| Receivable days | 56 | 75 | 85 | 84 |
| Inventory days | 89 | 139 | 136 | 112 |
| Payable days | 79 | 110 | 97 | 81 |
| NWC days | 65 | 104 | 124 | 115 |
| Leverage | ||||
| Current ratio | 1.56 | 1.65 | 1.73 | 2.13 |
| Debt to EBITDA | 0.34 | 0.56 | 0.51 | 0.26 |
| Debt to equity | 0.01 | 0.02 | 0.02 | 0.01 |
| Interest coverage | 16.2 | 13.5 | 14.2 | 18.1 |
| Asset turnover | 0.39 | 0.34 | 0.4 | 0.43 |
| Return ratios | ||||
| Return on assets % | 2.2% | 2.3% | 2.4% | 2.8% |
| Return on capital employed % | 3.7% | 4.1% | 4.3% | 4.9% |
| Return on equity % | 2.5% | 2.7% | 2.9% | 3.3% |
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.