Consolidated figures
| Ratio | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin % | 32.8% | 34.5% | 32.4% | 36.4% | 40.8% |
| EBITDA margin % | 17.8% | 15.6% | 5.3% | 7.5% | 11.9% |
| EBIT margin % | 15.2% | 12.8% | 0.5% | 2.5% | 6.6% |
| PAT margin % | 11.1% | 9.8% | -1.2% | -0.5% | 4.5% |
| Working capital | |||||
| Receivable days | 102 | 88 | 106 | 90 | 120 |
| Inventory days | 53 | 67 | 85 | 71 | 76 |
| Payable days | — | 88 | 155 | 119 | 102 |
| NWC days | — | 67 | 36 | 42 | 95 |
| Leverage | |||||
| Current ratio | 1.29 | 1.2 | 1 | 0.97 | 1.01 |
| Debt to EBITDA | 1.77 | 1.67 | 6.71 | 4.63 | 2.87 |
| Debt to equity | 0.59 | 0.4 | 0.35 | 0.34 | 0.33 |
| Interest coverage | 28.2 | 13.3 | 0.8 | 1.1 | 3.1 |
| Asset turnover | 0.97 | 0.85 | 0.58 | 0.61 | 0.6 |
| Return ratios | |||||
| Return on assets % | 10.7% | 8.3% | -0.7% | -0.3% | 2.7% |
| Return on capital employed % | 23.3% | 17.6% | 1.5% | 3.2% | 6.6% |
| Return on equity % | 20.9% | 14.9% | -1.2% | -0.5% | 4.4% |
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.