Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 23.1% | 25.5% | 17.3% | 16.5% | 43% |
| EBITDA margin % | |||||
| 4.9% |
| 3.6% |
| 4% |
| 3.3% |
| 18.9% |
| EBIT margin % | 3.2% | 1.8% | 2.2% | 1.9% | 16.5% |
| PAT margin % | 1.9% | 1.7% | 1.8% | 4.2% | 11.8% |
| Working capital | |||||
| Receivable days | 101 | 74 | 68 | 38 | 51 |
| Inventory days | 28 | 40 | 30 | 52 | 61 |
| Payable days | 54 | 68 | 43 | 29 | 45 |
| NWC days | 75 | 46 | 54 | 61 | 67 |
| Leverage | |||||
| Current ratio | 2.09 | 2.17 | 2.32 | 2.17 | 2.4 |
| Debt to EBITDA | 1.01 | 2.51 | 2.08 | 1.99 | 0.13 |
| Debt to equity | 0.17 | 0.24 | 0.25 | 0.2 | 0.07 |
| Interest coverage | 5.6 | 4 | 3.1 | 7.8 | 35.6 |
| Asset turnover | 1.93 | 1.52 | 1.76 | 2.05 | 1.99 |
| Return ratios | |||||
| Return on assets % | 3.6% | 2.6% | 3.1% | 8.7% | 23.5% |
| Return on capital employed % | 12.7% | 11.1% | 11.5% | 19.6% | 56.6% |
| Return on equity % | 6.3% | 4.7% | 5.2% | 12.9% | 34.1% |
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.