Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 11% | 11.8% | 11.2% | 10.5% | 11.5% |
| EBITDA margin % | 5.3% | 5.2% | 4.6% | 5.1% | 7.1% |
| EBIT margin % | 4.7% | 4.5% | 3.7% | 4.3% | 6.3% |
| PAT margin % | 3.3% | 5.1% | 2.1% | 2.8% | 4.5% |
| Working capital | |||||
| Receivable days | 22 | 26 | 25 | 23 | 33 |
| Inventory days | 41 | 45 | 35 | 48 | 38 |
| Payable days | 2 | 3 | 3 | 4 | 2 |
| NWC days | 61 | 68 | 57 | 66 | 69 |
| Leverage | |||||
| Current ratio | 2.33 | 1.55 | 2.44 | 3.39 | 3.61 |
| Debt to EBITDA | 1.39 | 1.91 | 1.43 | 1.07 | 0.72 |
| Debt to equity | 0.51 | 0.56 | 0.28 | 0.19 | 0.19 |
| Interest coverage | 8.6 | 10.3 | 3.6 | 7.4 | 18.4 |
| Asset turnover | 4.41 | 3.12 | 3.2 | 2.79 | 3.01 |
| Return ratios | |||||
| Return on assets % | 14.6% | 16% | 6.6% | 7.9% | 13.4% |
| Return on capital employed % | 33.5% | 28.3% | 19.1% | 18.9% | 27.6% |
| Return on equity % | 23.2% | 28.6% | 8.9% | 9.8% | 16.7% |
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.