Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 52.6% | 54.2% | 51.1% | 54.5% | 48.2% |
| EBITDA margin % | |||||
| 21.2% |
| 19.4% |
| 19.2% |
| 20.5% |
| 11.3% |
| EBIT margin % | 20% | 17.2% | 16.5% | 17.2% | 7.6% |
| PAT margin % | 16% | 14.4% | 14.4% | 14.4% | -17.3% |
| Working capital | |||||
| Receivable days | 88 | 97 | 137 | 137 | 171 |
| Inventory days | 94 | 123 | 132 | 155 | 108 |
| Payable days | 33 | 55 | 90 | 59 | 87 |
| NWC days | 149 | 165 | 180 | 234 | 193 |
| Leverage | |||||
| Current ratio | 3.5 | 2.38 | 1.67 | 2.13 | 1.44 |
| Debt to EBITDA | 0.65 | 0.69 | 1.87 | 1.42 | 2.52 |
| Debt to equity | 0.15 | 0.15 | 0.33 | 0.24 | 0.26 |
| Interest coverage | 45.1 | 13.7 | 10 | 8.4 | 3.2 |
| Asset turnover | 0.87 | 0.81 | 0.57 | 0.58 | 0.57 |
| Return ratios | |||||
| Return on assets % | 14% | 11.6% | 8.3% | 8.3% | -9.8% |
| Return on capital employed % | 22.4% | 22% | 19.3% | 17.9% | 7.2% |
| Return on equity % | 17.6% | 16.2% | 13.3% | 11.7% | -15.9% |
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.