Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | 46.1% |
| EBITDA margin % | 5% | 8.7% | 17.1% |
| EBIT margin % | |||
| 4% |
| 7.7% |
| 14.5% |
| PAT margin % | 2.7% | 5.9% | 9.5% |
| Working capital | |||
| Receivable days | 92 | 106 | — |
| Inventory days | 54 | 79 | 282 |
| Payable days | — | — | — |
| NWC days | — | — | — |
| Leverage | |||
| Current ratio | 1.54 | 1.71 | 2.04 |
| Debt to EBITDA | 0.75 | 0.9 | — |
| Debt to equity | 0.2 | 0.31 | — |
| Interest coverage | 4 | 6.3 | 8.2 |
| Asset turnover | 2.01 | 1.7 | 0.87 |
| Return ratios | |||
| Return on assets % | 5.5% | 9.9% | 8.3% |
| Return on capital employed % | 24.5% | 40.5% | 35% |
| Return on equity % | 14.4% | 23.5% | — |
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.