Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 21.8% | 22.8% | 26.4% | 23.2% | 21.8% |
| EBITDA margin % | |||||
| 8.2% |
| 10.6% |
| 13.8% |
| 11.1% |
| 12.4% |
| EBIT margin % | 5.7% | 9% | 11.9% | 10.6% | 11.8% |
| PAT margin % | 4.5% | 5.8% | 3.9% | 6.3% | 6.2% |
| Working capital | |||||
| Receivable days | 205 | 37 | 62 | 105 | 232 |
| Inventory days | 158 | 158 | 358 | 68 | 38 |
| Payable days | 75 | 102 | 61 | 4 | 9 |
| NWC days | 288 | 94 | 359 | 169 | 261 |
| Leverage | |||||
| Current ratio | 5.88 | 2.32 | 1.04 | 1.81 | 2.44 |
| Debt to EBITDA | 0.16 | 1.6 | 4.32 | 2.91 | 4.18 |
| Debt to equity | 0.01 | 0.11 | 0.21 | 0.39 | 0.29 |
| Interest coverage | 38 | 30.7 | 2.2 | 5.4 | 3.4 |
| Asset turnover | 0.42 | 0.5 | 0.26 | 0.83 | 0.42 |
| Return ratios | |||||
| Return on assets % | 1.9% | 2.9% | 1% | 5.2% | 2.6% |
| Return on capital employed % | 2.9% | 6.6% | 6.5% | 17% | 9.5% |
| Return on equity % | 2.1% | 3.8% | 1.4% | 7.7% | 3.5% |
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.