Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 86.2% | 81.9% | 82.2% | 81.4% |
| EBITDA margin % | 6.6% | 7.5% | ||
| 6.9% |
| 7.1% |
| EBIT margin % | 1.6% | 1.5% | 1.5% | 1.9% |
| PAT margin % | 0.4% | -1% | -0.1% | 1.1% |
| Working capital | ||||
| Receivable days | 45 | 56 | 53 | 55 |
| Inventory days | 91 | 85 | 78 | 95 |
| Payable days | 377 | 301 | 289 | 318 |
| NWC days | -241 | -160 | -158 | -169 |
| Leverage | ||||
| Current ratio | 0.91 | 1.09 | 1.08 | 1.02 |
| Debt to EBITDA | 3 | 1.15 | 1.24 | 1.42 |
| Debt to equity | 2.75 | 0.44 | 0.48 | 0.55 |
| Interest coverage | 1.3 | 0.9 | 1.2 | 1.6 |
| Asset turnover | 1.61 | 1.58 | 1.74 | 1.53 |
| Return ratios | ||||
| Return on assets % | 0.7% | -1.6% | -0.2% | 1.6% |
| Return on capital employed % | 9.8% | 7% | 6.2% | 7.9% |
| Return on equity % | 5.8% | -5% | -0.5% | 5.8% |
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.