Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 19.6% | 22.3% | 23.3% |
| EBITDA margin % | 5.9% | 7.7% | 7.5% |
| EBIT margin % |
| 5.3% |
| 6.8% |
| 6.1% |
| PAT margin % | 3.1% | 4.2% | 3.9% |
| Working capital | |||
| Receivable days | 53 | 50 | 52 |
| Inventory days | 58 | 86 | 81 |
| Payable days | 11 | 25 | 42 |
| NWC days | 100 | 110 | 91 |
| Leverage | |||
| Current ratio | 1.6 | 1.83 | 1.64 |
| Debt to EBITDA | 4.72 | 2.26 | 1.78 |
| Debt to equity | 1.61 | 0.48 | 0.39 |
| Interest coverage | 4.7 | 6.6 | 4.7 |
| Asset turnover | 1.95 | 1.62 | 1.65 |
| Return ratios | |||
| Return on assets % | 6% | 6.8% | 6.4% |
| Return on capital employed % | 17.4% | 22% | 17.2% |
| Return on equity % | 17.8% | 11.5% | 11.2% |
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.