Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 12.3% | 11.4% |
| EBITDA margin % | 4.5% | 5.1% |
| EBIT margin % | 3.6% | 4.3% |
| PAT margin % | 1.7% | 1.4% |
| Working capital | ||
| Receivable days | 107 | 110 |
| Inventory days | 93 | 92 |
| Payable days | 59 | 52 |
| NWC days | 141 | 150 |
| Leverage | ||
| Current ratio | 1.33 | 1.35 |
| Debt to EBITDA | 5.88 | 5.09 |
| Debt to equity | 1.01 | 1.14 |
| Interest coverage | 1.8 | 1.9 |
| Asset turnover | 1.44 | 1.56 |
| Return ratios | ||
| Return on assets % | 2.5% | 2.2% |
| Return on capital employed % | 17.6% | 21.1% |
| Return on equity % | 6.5% | 6.3% |
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.