Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | — |
| EBITDA margin % | 70.8% | 73.7% | 74.4% |
| EBIT margin % | 50.5% | 53.4% | 51.9% |
| PAT margin % | 15.4% | 20.5% | 37% |
| Working capital | |||
| Receivable days | 85 | 70 | 74 |
| Inventory days | 13 | 21 | 27 |
| Payable days | 32 | 24 | 43 |
| NWC days | 67 | 67 | 58 |
| Leverage | |||
| Current ratio | 1.72 | 2.76 | 0.37 |
| Debt to EBITDA | 6.51 | 5.43 | 3.08 |
| Debt to equity | 2.59 | 1.29 | 0.49 |
| Interest coverage | 1.7 | 1.9 | 4.7 |
| Asset turnover | 0.12 | 0.1 | 0.11 |
| Return ratios | |||
| Return on assets % | 1.9% | 2.1% | 4% |
| Return on capital employed % | 6.8% | 7.1% | 8.4% |
| Return on equity % | 8.7% | 6.6% | 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.