Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 38.2% | 36% | 41.7% | 39.6% |
| EBITDA margin % | 17.1% | 16.8% | 16.4% | 17.3% |
| EBIT margin % | 14.2% | 14.2% | 8.9% | 10.7% |
| PAT margin % | 10.1% | 9.8% | 0.9% | 3% |
| Working capital | ||||
| Receivable days | 56 | 74 | 73 | 80 |
| Inventory days | 147 | 130 | 247 | 186 |
| Payable days | 45 | 46 | 61 | 65 |
| NWC days | 158 | 157 | 259 | 201 |
| Leverage | ||||
| Current ratio | 1.43 | 1.08 | 1.39 | 1.37 |
| Debt to EBITDA | 2.75 | 5.5 | 5.1 | 3.78 |
| Debt to equity | 1.33 | 1.86 | 1.33 | 1.22 |
| Interest coverage | 6.8 | 6.2 | 1.2 | 1.6 |
| Asset turnover | 1.03 | 0.6 | 0.61 | 0.72 |
| Return ratios | ||||
| Return on assets % | 10.4% | 5.8% | 0.6% | 2.2% |
| Return on capital employed % | 24.6% | 16% | 9.2% | 11.5% |
| Return on equity % | 28.5% | 19.7% | 1.5% | 5.7% |
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.