Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 18.4% | 28.1% | 29.4% | 27.4% |
| EBITDA margin % | 6% | 11% | 7.5% | 5.6% |
| EBIT margin % | 5.7% | 10.5% | 6% | 4.1% |
| PAT margin % | 5.1% | 9.7% | 6.8% | 4.7% |
| Working capital | ||||
| Receivable days | 112 | 126 | 139 | 127 |
| Inventory days | 17 | 12 | 18 | 52 |
| Payable days | 39 | 43 | 49 | 37 |
| NWC days | 90 | 95 | 109 | 142 |
| Leverage | ||||
| Current ratio | 4.56 | 4.95 | 5.36 | 3.46 |
| Debt to EBITDA | 0.19 | 0 | 0.18 | 2.95 |
| Debt to equity | 0.02 | 0 | 0.01 | 0.19 |
| Interest coverage | 121.4 | 105.4 | 66.4 | 10.2 |
| Asset turnover | 1.6 | 1.08 | 0.89 | 0.85 |
| Return ratios | ||||
| Return on assets % | 8.1% | 10.5% | 6% | 4% |
| Return on capital employed % | 14.1% | 17.9% | 10% | 8.6% |
| Return on equity % | 10.3% | 12.5% | 7.1% | 5.4% |
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.