Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 37.2% | 42.3% |
| EBITDA margin % | 9.5% | 9.5% |
| EBIT margin % | 6.5% | 6.8% |
| PAT margin % | 1.5% | 1.7% |
| Working capital | ||
| Receivable days | 76 | 82 |
| Inventory days | 178 | 210 |
| Payable days | 68 | 86 |
| NWC days | 186 | 206 |
| Leverage | ||
| Current ratio | 1.3 | 1.38 |
| Debt to EBITDA | 4.17 | 4.07 |
| Debt to equity | 0.86 | 0.89 |
| Interest coverage | 1.5 | 1.7 |
| Asset turnover | 0.98 | 0.99 |
| Return ratios | ||
| Return on assets % | 1.5% | 1.7% |
| Return on capital employed % | 11.1% | 12.5% |
| Return on equity % | 3.3% | 4% |
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.