Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 15.2% | 19.4% | 19.5% | 42.1% |
| EBITDA margin % | 8.8% | 10.6% | ||
| 9.6% |
| 23.4% |
| EBIT margin % | 8% | 9.5% | 7.9% | 20.4% |
| PAT margin % | 6.4% | 7.2% | 18.8% | 39% |
| Working capital | ||||
| Receivable days | 207 | 145 | 245 | 364 |
| Inventory days | 272 | 235 | 464 | 1,159 |
| Payable days | 50 | 32 | 59 | 155 |
| NWC days | 429 | 348 | 651 | 1,369 |
| Leverage | ||||
| Current ratio | 4.77 | 4.02 | 6.48 | 4.23 |
| Debt to EBITDA | 3.35 | 2.25 | 3.98 | 8.91 |
| Debt to equity | 0.15 | 0.15 | 0.13 | 0.47 |
| Interest coverage | 6.6 | 5.2 | 6.1 | 10.7 |
| Asset turnover | 0.38 | 0.48 | 0.27 | 0.13 |
| Return ratios | ||||
| Return on assets % | 2.4% | 3.5% | 5.1% | 5.2% |
| Return on capital employed % | 4.3% | 7.1% | 7.9% | 10% |
| Return on equity % | 3.2% | 4.6% | 6.6% | 8.9% |
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.