Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 21.8% | 23.1% | 16.3% | 14.3% | 12.6% |
| EBITDA margin % | |||||
| 3.9% |
| 4.9% |
| 2.8% |
| 2% |
| 2.3% |
| EBIT margin % | 3.5% | 4.3% | 2% | 1.3% | 1.8% |
| PAT margin % | 3.8% | 3.9% | 2.1% | 1.7% | 2.4% |
| Working capital | |||||
| Receivable days | 34 | 34 | 37 | 11 | 1 |
| Inventory days | 21 | 19 | 22 | 56 | 80 |
| Payable days | 12 | 13 | 12 | 8 | 8 |
| NWC days | 43 | 40 | 46 | 58 | 74 |
| Leverage | |||||
| Current ratio | 1.31 | 1.27 | 1.45 | 1.29 | 1.26 |
| Debt to EBITDA | 2.75 | 2.21 | 3.68 | 5.22 | 5.34 |
| Debt to equity | 0.88 | 0.72 | 0.68 | 0.68 | 0.9 |
| Interest coverage | 25.1 | 16.5 | 10.8 | 6.4 | 7.3 |
| Asset turnover | 3.6 | 3.21 | 3.34 | 3 | 2.87 |
| Return ratios | |||||
| Return on assets % | 13.6% | 12.4% | 7% | 5.1% | 6.8% |
| Return on capital employed % | 37.1% | 37.5% | 22.4% | 18.5% | 27.9% |
| Return on equity % | 31.1% | 26% | 14% | 11.1% | 17.6% |
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.