Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | — | 80.3% | — | 60.1% |
| EBITDA margin % | 53.7% | 43.5% | 49.9% | 45.2% |
| EBIT margin % | 20.3% | 25.5% | 34.7% | 33.6% |
| PAT margin % | 3.7% | 15.1% | 21.4% | 22.6% |
| Working capital | ||||
| Receivable days | — | 108 | 55 | 86 |
| Inventory days | — | 155 | 3 | 33 |
| Payable days | — | 348 | 90 | 126 |
| NWC days | — | -85 | -32 | -7 |
| Leverage | ||||
| Current ratio | — | 2.9 | 1.46 | 1.16 |
| Debt to EBITDA | — | 0.63 | 0.7 | 0.66 |
| Debt to equity | — | 0.27 | 0.43 | 0.38 |
| Interest coverage | 1.5 | 3.3 | 5.4 | 6.5 |
| Asset turnover | — | 0.43 | 0.39 | 0.39 |
| Return ratios | ||||
| Return on assets % | — | 6.5% | 8.3% | 8.8% |
| Return on capital employed % | — | 14.2% | 22.4% | 21.3% |
| Return on equity % | — | 14.8% | 25.9% | 29.1% |
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.