Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 33.4% | 33.7% | 33.4% |
| EBITDA margin % | 14.6% | 14.1% | 14.4% |
| EBIT margin % | 7.1% | 6.7% | 5.1% |
| PAT margin % | 2.3% | 1.1% | 2.6% |
| Working capital | |||
| Receivable days | 0 | 0 | 0 |
| Inventory days | 244 | 214 | 203 |
| Payable days | 147 | 127 | 117 |
| NWC days | 96 | 86 | 86 |
| Leverage | |||
| Current ratio | 1.05 | 1.21 | 0.97 |
| Debt to EBITDA | 1.25 | 0.88 | 1.32 |
| Debt to equity | 0.83 | 0.41 | 0.77 |
| Interest coverage | 1.6 | 1.4 | 1.4 |
| Asset turnover | 0.83 | 0.77 | 0.98 |
| Return ratios | |||
| Return on assets % | 1.9% | 0.8% | 2.5% |
| Return on capital employed % | 11.4% | 10.4% | 9.5% |
| Return on equity % | 10.2% | 3.6% | 10.4% |
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.