Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 12.5% | 11.1% | 11.4% |
| EBITDA margin % | 3% | 4.1% | 3.8% |
| EBIT margin % | 3% | 2.7% | 2.5% |
| PAT margin % | 1.3% | 2% | 1.5% |
| Working capital | |||
| Receivable days | 34 | 31 | 28 |
| Inventory days | 26 | 27 | 31 |
| Payable days | — | 7 | 10 |
| NWC days | — | 50 | 49 |
| Leverage | |||
| Current ratio | — | 1.57 | 2.02 |
| Debt to EBITDA | 7.61 | 4.34 | 3.76 |
| Debt to equity | 1.27 | 0.73 | 0.6 |
| Interest coverage | 1.7 | 2.3 | 2.3 |
| Asset turnover | 2.12 | 2.13 | 2.24 |
| Return ratios | |||
| Return on assets % | 2.7% | 4.3% | 3.4% |
| Return on capital employed % | 9.9% | 12.6% | 12.8% |
| Return on equity % | 7% | 8.3% | 6.3% |
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.