Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 45.3% | 43.4% | 57.7% | 62.1% | 56.2% |
| EBITDA margin % | 6.5% | 8.5% | 10.9% | 9.4% | 10.6% |
| EBIT margin % | 2.2% | 4.5% | 6.5% | 5% | 6.1% |
| PAT margin % | 2.6% | 4.7% | 6.1% | 3% | 5.4% |
| Working capital | |||||
| Receivable days | 103 | 88 | 92 | 86 | 69 |
| Inventory days | 159 | 137 | 289 | 342 | 259 |
| Payable days | 79 | 61 | 134 | 123 | 102 |
| NWC days | 182 | 164 | 248 | 305 | 226 |
| Leverage | |||||
| Current ratio | 2.37 | 3.64 | 2.26 | 2.77 | 3.07 |
| Debt to EBITDA | 2.18 | 0.57 | 1.69 | 2.32 | 0.92 |
| Debt to equity | 0.15 | 0.06 | 0.21 | 0.25 | 0.13 |
| Interest coverage | 3.9 | 6.1 | 7.3 | 2.9 | 7 |
| Asset turnover | 0.78 | 0.92 | 0.77 | 0.78 | 0.97 |
| Return ratios | |||||
| Return on assets % | 2% | 4.3% | 4.7% | 2.4% | 5.3% |
| Return on capital employed % | 4.5% | 8% | 8.1% | 6.4% | 10.6% |
| Return on equity % | 2.8% | 5.5% | 6.9% | 3.5% | 7.2% |
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.