Consolidated figures
| Ratio | Mar 2021 | Mar 2022 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 38.5% | 40.5% | 52.3% |
| EBITDA margin % | 10.5% | 12% | 20.6% |
| EBIT margin % | 7.8% | 9.5% | 18.5% |
| PAT margin % | 3.7% | 5.1% | 12.1% |
| Working capital | |||
| Receivable days | 38 | 32 | 78 |
| Inventory days | 215 | 185 | 277 |
| Payable days | 174 | 123 | 57 |
| NWC days | 79 | 93 | 297 |
| Leverage | |||
| Current ratio | 0.94 | 1 | 1.63 |
| Debt to EBITDA | 2.43 | 1.96 | 2.27 |
| Debt to equity | 0.68 | 0.65 | 0.59 |
| Interest coverage | 2.6 | 3.9 | 7.9 |
| Asset turnover | 0.96 | 1.09 | 0.69 |
| Return ratios | |||
| Return on assets % | 3.5% | 5.5% | 8.4% |
| Return on capital employed % | 17.6% | 22.7% | 32.5% |
| Return on equity % | 9.7% | 14.1% | 15.3% |
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.