Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 62.6% | 61.8% | 63.8% | 64.7% | 63.5% |
| EBITDA margin % | 14.5% | 8.9% | 14.6% | 15.8% | 10.4% |
| EBIT margin % | 5.5% | -0.7% | 5.6% | 6.9% | 1% |
| PAT margin % | 5.7% | -2.6% | 0.2% | 1% | -3.7% |
| Working capital | |||||
| Receivable days | 99 | 93 | 95 | 94 | 89 |
| Inventory days | 207 | 227 | 269 | 261 | 345 |
| Payable days | 153 | 161 | 190 | 173 | 279 |
| NWC days | 153 | 159 | 174 | 182 | 155 |
| Leverage | |||||
| Current ratio | 1.34 | 1.26 | 1.25 | 1.54 | 1.51 |
| Debt to EBITDA | 4.24 | 8.76 | 3.81 | 3.27 | 5.96 |
| Debt to equity | 0.6 | 0.81 | 0.58 | 0.58 | 0.67 |
| Interest coverage | 3.2 | 0.5 | 1.4 | 1.8 | 0.9 |
| Asset turnover | 0.51 | 0.49 | 0.53 | 0.58 | 0.49 |
| Return ratios | |||||
| Return on assets % | 2.9% | -1.3% | 0.1% | 0.6% | -1.8% |
| Return on capital employed % | 6.5% | 1.7% | 5.8% | 6.7% | 2.4% |
| Return on equity % | 5.6% | -2.8% | 0.2% | 1.1% | -4% |
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.