Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | — | — | 16.5% |
| EBITDA margin % | 9.5% | 8.4% | 9.7% | 10.5% |
| EBIT margin % | 8.7% | 7.4% | 7.8% | 8.1% |
| PAT margin % | 5.2% | 5.2% | 5.3% | 6% |
| Working capital | ||||
| Receivable days | — | — | — | 60 |
| Inventory days | — | — | — | 118 |
| Payable days | — | — | — | 91 |
| NWC days | — | — | — | 87 |
| Leverage | ||||
| Current ratio | 1.34 | 1.74 | 1.62 | 1.71 |
| Debt to EBITDA | 5.04 | 4.15 | 2.26 | 2.99 |
| Debt to equity | 2.17 | 0.82 | 0.53 | 0.5 |
| Interest coverage | 3.5 | 4.2 | 5.8 | 4.7 |
| Asset turnover | 1.23 | 1.15 | 1.2 | 0.85 |
| Return ratios | ||||
| Return on assets % | 6.4% | 6% | 6.3% | 5.1% |
| Return on capital employed % | 29.7% | 23.4% | 20% | 16.6% |
| Return on equity % | 23.6% | 12.3% | 12.6% | 9.6% |
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.