Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 21.8% | 26.3% |
| EBITDA margin % | 10.5% | 10.8% |
| EBIT margin % | 9.3% | 8.1% |
| PAT margin % | 11.4% | 9% |
| Working capital | ||
| Receivable days | 53 | 42 |
| Inventory days | 78 | 117 |
| Payable days | 37 | 50 |
| NWC days | 94 | 109 |
| Leverage | ||
| Current ratio | 2.3 | 1.24 |
| Debt to EBITDA | 1.96 | 3.72 |
| Debt to equity | 0.36 | 0.61 |
| Interest coverage | 5.1 | 2.6 |
| Asset turnover | 1.13 | 0.83 |
| Return ratios | ||
| Return on assets % | 12.9% | 7.5% |
| Return on capital employed % | 13.5% | 10.5% |
| Return on equity % | 19.9% | 13.7% |
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.