Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 29.7% | 31.4% | 30.5% | 29.1% |
| EBITDA margin % | 10.3% | 10.8% | ||
| 8.9% |
| 6.8% |
| EBIT margin % | 9% | 9.7% | 7.1% | 4.2% |
| PAT margin % | 6.7% | 6.9% | 4.8% | 1.8% |
| Working capital | ||||
| Receivable days | 63 | 63 | 72 | 86 |
| Inventory days | 86 | 84 | 118 | 114 |
| Payable days | 84 | 76 | 121 | 112 |
| NWC days | 64 | 71 | 69 | 88 |
| Leverage | ||||
| Current ratio | 1.7 | 1.72 | 1.17 | 1.17 |
| Debt to EBITDA | 0.09 | 0.62 | 1.92 | 3.33 |
| Debt to equity | 0.04 | 0.24 | 0.66 | 1.13 |
| Interest coverage | 23.5 | 17.6 | 8.5 | 2.3 |
| Asset turnover | 1.96 | 1.79 | 1.3 | 1.32 |
| Return ratios | ||||
| Return on assets % | 13.1% | 12.4% | 6.2% | 2.4% |
| Return on capital employed % | 34.1% | 34.5% | 22.8% | 14.6% |
| Return on equity % | 25.6% | 25.1% | 18.5% | 9.1% |
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.