Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 55% | 58% | 58.2% | 62.1% |
| EBITDA margin % | 13.4% | 10.3% | 6.7% | 16.3% |
| EBIT margin % | 9.8% | 6.3% | 2.9% | 11.7% |
| PAT margin % | 8.7% | 5.8% | 2.9% | 10.6% |
| Working capital | ||||
| Receivable days | 77 | 68 | 68 | 62 |
| Inventory days | 219 | 220 | 196 | 214 |
| Payable days | 118 | 99 | 99 | 92 |
| NWC days | 178 | 189 | 166 | 184 |
| Leverage | ||||
| Current ratio | 2.04 | 2.66 | 2.94 | 3.02 |
| Debt to EBITDA | 1.35 | 0.77 | 1.98 | 0.59 |
| Debt to equity | 0.26 | 0.1 | 0.16 | 0.1 |
| Interest coverage | 12.8 | 13.5 | 6.5 | 20.2 |
| Asset turnover | 0.88 | 0.88 | 0.81 | 0.77 |
| Return ratios | ||||
| Return on assets % | 7.7% | 5.1% | 2.4% | 8.2% |
| Return on capital employed % | 14.7% | 10.6% | 5.5% | 14.5% |
| Return on equity % | 12.4% | 7.1% | 3.5% | 11% |
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.