Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 19.7% | 21.5% | 14.5% | 13.2% |
| EBITDA margin % | 13.1% | 15.1% | 7.9% | 6.5% |
| EBIT margin % | 12.6% | 13.2% | 6.5% | 3.9% |
| PAT margin % | 8.8% | 8.8% | 5.7% | 3% |
| Working capital | ||||
| Receivable days | — | 35 | 60 | 46 |
| Inventory days | — | 123 | 94 | 140 |
| Payable days | — | 72 | 41 | 26 |
| NWC days | — | 86 | 113 | 160 |
| Leverage | ||||
| Current ratio | — | 1.33 | 1.29 | 3.12 |
| Debt to EBITDA | — | 2.24 | 5.06 | 2.91 |
| Debt to equity | — | 1.17 | 1.62 | 0.42 |
| Interest coverage | 22.1 | 10.1 | 5.4 | 2.5 |
| Asset turnover | — | 1.05 | 1.21 | 1.08 |
| Return ratios | ||||
| Return on assets % | — | 9.2% | 6.9% | 3.3% |
| Return on capital employed % | — | 35.9% | 28.4% | 11.1% |
| Return on equity % | — | 30.2% | 22.9% | 6.8% |
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.