Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 25% | 32.4% | 30.3% | 31.7% |
| EBITDA margin % | 10.8% | 15.6% | 9.1% | 9.7% |
| EBIT margin % | 8.8% | 12.8% | 5.8% | 5.8% |
| PAT margin % | 6.1% | 9% | 4.3% | 4.6% |
| Working capital | ||||
| Receivable days | 14 | 14 | 15 | 10 |
| Inventory days | 1 | 2 | 2 | 2 |
| Payable days | 15 | 17 | 13 | 16 |
| NWC days | -0 | -0 | 4 | -4 |
| Leverage | ||||
| Current ratio | 2.4 | 3.41 | 2.32 | 1.83 |
| Debt to EBITDA | 2.71 | 1.41 | 1.3 | 0.44 |
| Debt to equity | 0.88 | 0.23 | 0.13 | 0.05 |
| Interest coverage | 4.2 | 5.5 | 4.3 | 6.3 |
| Asset turnover | 1.31 | 0.74 | 0.83 | 0.89 |
| Return ratios | ||||
| Return on assets % | 8% | 6.6% | 3.6% | 4.1% |
| Return on capital employed % | 13.9% | 16% | 8.8% | 8.6% |
| Return on equity % | 18.2% | 9.2% | 4.8% | 5.3% |
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.