Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 5.7% | 5.3% | 5.3% | 5.5% |
| EBITDA margin % | 2.7% | 2.6% | 2.2% | 2.9% |
| EBIT margin % | 2.5% | 2.5% | 2.1% | 2.8% |
| PAT margin % | 1.3% | 1.3% | 1.5% | 1.8% |
| Working capital | ||||
| Receivable days | 34 | 46 | 48 | 50 |
| Inventory days | 61 | 63 | 56 | 62 |
| Payable days | 39 | 52 | 43 | 53 |
| NWC days | 56 | 57 | 60 | 60 |
| Leverage | ||||
| Current ratio | 1.31 | 1.64 | 1.67 | 1.6 |
| Debt to EBITDA | 4.21 | 2.34 | 2.99 | 2.09 |
| Debt to equity | 1.52 | 0.44 | 0.52 | 0.47 |
| Interest coverage | 2.9 | 2.7 | 4.4 | 4.5 |
| Asset turnover | 3.38 | 2.91 | 3.23 | 2.97 |
| Return ratios | ||||
| Return on assets % | 4.4% | 3.8% | 4.9% | 5.3% |
| Return on capital employed % | 33.4% | 24.9% | 20.7% | 25% |
| Return on equity % | 17.6% | 9.3% | 12% | 13.9% |
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.