Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 13.2% | 16.1% | 20.1% | 15.2% | 13.9% |
| EBITDA margin % | 4.5% | 5.4% | 8% | 6.1% | 8.3% |
| EBIT margin % | 4.1% | 4.8% | 7.3% | 5.5% | 7.8% |
| PAT margin % | 2.1% | 3.5% | 4.5% | 4.5% | 6.3% |
| Working capital | |||||
| Receivable days | 108 | 104 | 158 | 100 | 123 |
| Inventory days | 63 | 66 | 77 | 125 | 112 |
| Payable days | 94 | 73 | 140 | 74 | 92 |
| NWC days | 77 | 98 | 96 | 151 | 143 |
| Leverage | |||||
| Current ratio | — | 1.38 | 1.32 | 1.25 | 1.22 |
| Debt to EBITDA | 1.24 | 0 | 1.48 | 7.49 | 6.79 |
| Debt to equity | 0.36 | 0 | 0.56 | 2.45 | 2.83 |
| Interest coverage | 4.5 | 5.1 | 3.2 | 3.5 | 4.1 |
| Asset turnover | 1.74 | 1.7 | 1.13 | 1.11 | 0.92 |
| Return ratios | |||||
| Return on assets % | 3.6% | 6% | 5.1% | 4.9% | 5.8% |
| Return on capital employed % | — | 28.3% | 34.1% | 33.4% | 44.4% |
| Return on equity % | 13.1% | 19.7% | 21.3% | 24% | 31.5% |
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.