Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.7% | 24.3% | 30.6% |
| EBITDA margin % | 0.9% | 2.3% | 3.5% |
| EBIT margin % | 0.4% | 1.8% | 2.8% |
| PAT margin % | 0.4% | 0.6% | 0.7% |
| Working capital | |||
| Receivable days | 190 | 136 | 214 |
| Inventory days | 42 | 24 | 26 |
| Payable days | 144 | 82 | 166 |
| NWC days | 88 | 78 | 74 |
| Leverage | |||
| Current ratio | 1.47 | 1.13 | 1.2 |
| Debt to EBITDA | 0 | 2.04 | 3.58 |
| Debt to equity | 0 | 0.18 | 0.47 |
| Interest coverage | 1.6 | 1.4 | 1.7 |
| Asset turnover | 0.87 | 1.25 | 1.1 |
| Return ratios | |||
| Return on assets % | 0.3% | 0.7% | 0.8% |
| Return on capital employed % | 5% | 12% | 14.2% |
| Return on equity % | 0.8% | 2.3% | 2.7% |
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.