Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 41.2% | 41.6% | 41.1% |
| EBITDA margin % | 16.5% | 15.1% | 13.2% |
| EBIT margin % | 13.7% | 12.3% | 10.4% |
| PAT margin % | 4.1% | 6.1% | 5.6% |
| Working capital | |||
| Receivable days | 102 | 102 | 99 |
| Inventory days | 273 | 279 | 252 |
| Payable days | 58 | 52 | 44 |
| NWC days | 316 | 328 | 307 |
| Leverage | |||
| Current ratio | 1.5 | 2.79 | 2.93 |
| Debt to EBITDA | 4.4 | 2.95 | 2.55 |
| Debt to equity | 0.86 | 0.32 | 0.27 |
| Interest coverage | 1.8 | 2.1 | 3 |
| Asset turnover | 0.58 | 0.51 | 0.57 |
| Return ratios | |||
| Return on assets % | 2.4% | 3.1% | 3.2% |
| Return on capital employed % | 12.7% | 9.9% | 8.6% |
| Return on equity % | 4.9% | 4.4% | 4.4% |
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.