Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 22.6% | 19.8% | 18.2% |
| EBITDA margin % | 14.5% | 13.8% | 12.1% |
| EBIT margin % |
| 14.2% |
| 13.6% |
| 11.8% |
| PAT margin % | 5.6% | 6.6% | 5.9% |
| Working capital | |||
| Receivable days | 193 | 161 | — |
| Inventory days | 128 | 140 | 137 |
| Payable days | — | — | — |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | 2.07 | 3.19 | 2.47 |
| Debt to EBITDA | 4.14 | 2.56 | — |
| Debt to equity | 1.87 | 0.55 | — |
| Interest coverage | 2.2 | 3.1 | 3.1 |
| Asset turnover | 0.91 | 0.86 | 0.82 |
| Return ratios | |||
| Return on assets % | 5.1% | 5.7% | 4.9% |
| Return on capital employed % | 25.2% | 23.1% | 16.8% |
| Return on equity % | 17.3% | 10.3% | — |
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.