Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 15.6% | 17.8% | 19.5% | 17.3% | 16.4% |
| EBITDA margin % | 5.9% | 7% | 6.6% | 5.5% | 5.4% |
| EBIT margin % | 3.5% | 4.5% | 3.5% | 2.3% | 2.4% |
| PAT margin % | 2.2% | 2.5% | 1.7% | 0.4% | 0.8% |
| Working capital | |||||
| Receivable days | 8 | 11 | 15 | 16 | 12 |
| Inventory days | 48 | 59 | 78 | 71 | 60 |
| Payable days | 21 | 15 | 16 | 15 | 10 |
| NWC days | 35 | 55 | 77 | 72 | 61 |
| Leverage | |||||
| Current ratio | 0.91 | 1.27 | 1.26 | 1.12 | 1.12 |
| Debt to EBITDA | 1.41 | 0.89 | 2.12 | 2.37 | 1.88 |
| Debt to equity | 1 | 0.45 | 0.86 | 0.95 | 0.85 |
| Interest coverage | 3.3 | 3.2 | 2.4 | 1.4 | 1.7 |
| Asset turnover | 2.74 | 2.68 | 2.12 | 2.13 | 2.47 |
| Return ratios | |||||
| Return on assets % | 6.1% | 6.7% | 3.7% | 0.9% | 1.9% |
| Return on capital employed % | 24% | 27.1% | 16.3% | 11.6% | 13.8% |
| Return on equity % | 26.8% | 18.1% | 10.6% | 3.1% | 6.5% |
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.