Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 29.9% | 25.2% | 23.4% |
| EBITDA margin % | 7.8% | 5.5% | 5.6% |
| EBIT margin % |
| 5.5% |
| 4.8% |
| 5.2% |
| PAT margin % | 2.3% | 2.3% | 3.1% |
| Working capital | |||
| Receivable days | 95 | 93 | 137 |
| Inventory days | 170 | 86 | 94 |
| Payable days | 85 | 73 | 105 |
| NWC days | 180 | 106 | 126 |
| Leverage | |||
| Current ratio | 1.31 | 1.52 | 1.32 |
| Debt to EBITDA | 3.35 | 1.95 | 3.31 |
| Debt to equity | 0.9 | 0.43 | 0.91 |
| Interest coverage | 2.3 | 2.6 | 4.8 |
| Asset turnover | 1.3 | 1.74 | 1.42 |
| Return ratios | |||
| Return on assets % | 3.1% | 3.9% | 4.3% |
| Return on capital employed % | 19.3% | 19.7% | 24.2% |
| Return on equity % | 8.1% | 8.9% | 14.9% |
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.