Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | 88.9% |
| EBITDA margin % | 40.9% | 41.1% | 32.9% |
| EBIT margin % |
| 34.2% |
| 33% |
| 27.1% |
| PAT margin % | 35.9% | 23.6% | 20.5% |
| Working capital | |||
| Receivable days | 321 | 138 | 172 |
| Inventory days | 35 | 10 | 82 |
| Payable days | 283 | 50 | 339 |
| NWC days | 73 | 98 | -84 |
| Leverage | |||
| Current ratio | 1.59 | 1.01 | 3.76 |
| Debt to EBITDA | 0.99 | 0.23 | 0.58 |
| Debt to equity | 0.18 | 0.15 | 0.06 |
| Interest coverage | 33.3 | 20.6 | 12.3 |
| Asset turnover | 0.23 | 0.73 | 0.28 |
| Return ratios | |||
| Return on assets % | 8.3% | 17.2% | 5.6% |
| Return on capital employed % | 14.3% | 53.7% | 15.2% |
| Return on equity % | 15.8% | 36.6% | 6.7% |
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.