Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 19.4% | 17.7% | 23% | 19.3% |
| EBITDA margin % | 7.2% | 7.6% | 9.4% | 7.9% |
| EBIT margin % | 6.1% | 6.8% | 8.1% | 6.8% |
| PAT margin % | 4% | 5.4% | 4.8% | 3.9% |
| Working capital | ||||
| Receivable days | 35 | 49 | 72 | 46 |
| Inventory days | 88 | 136 | 266 | 267 |
| Payable days | 50 | 44 | 67 | 75 |
| NWC days | 73 | 141 | 272 | 238 |
| Leverage | ||||
| Current ratio | 1.15 | 1.57 | 1.52 | 1.23 |
| Debt to EBITDA | 3.03 | 3.43 | 4.75 | 6.7 |
| Debt to equity | 1.72 | 0.91 | 1.02 | 1.54 |
| Interest coverage | 5 | 4.5 | 2.6 | 2.4 |
| Asset turnover | 2.05 | 1.47 | 0.94 | 0.89 |
| Return ratios | ||||
| Return on assets % | 8.3% | 7.9% | 4.5% | 3.5% |
| Return on capital employed % | 47.8% | 38% | 21.8% | 24.4% |
| Return on equity % | 32.2% | 18.8% | 10.9% | 11.4% |
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.