Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.3% | 27.3% | 26.6% |
| EBITDA margin % | 7.4% | 9.4% | 9.7% |
| EBIT margin % | 5% | 6.9% | 7.7% |
| PAT margin % | 3.5% | 4.9% | 5.8% |
| Working capital | |||
| Receivable days | 50 | 59 | 61 |
| Inventory days | 78 | 83 | 70 |
| Payable days | — | 97 | 93 |
| NWC days | — | 45 | 38 |
| Leverage | |||
| Current ratio | 1.26 | 1.52 | 1.62 |
| Debt to EBITDA | 1.61 | 1.03 | 0.65 |
| Debt to equity | 0.58 | 0.38 | 0.25 |
| Interest coverage | 4.8 | 6.3 | 10.4 |
| Asset turnover | 1.67 | 1.63 | 1.78 |
| Return ratios | |||
| Return on assets % | 5.8% | 8% | 10.3% |
| Return on capital employed % | 19.8% | 23.6% | 28.8% |
| Return on equity % | 16.9% | 19.2% | 23.1% |
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.