Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.7% | 27% | 26.3% |
| EBITDA margin % | 8.6% | 10.7% | 8.4% |
| EBIT margin % | 7.1% | 9.4% | 7% |
| PAT margin % | 2.4% | 5.7% | 3.9% |
| Working capital | |||
| Receivable days | 63 | 61 | 90 |
| Inventory days | 92 | 92 | 74 |
| Payable days | 1 | 46 | 59 |
| NWC days | 154 | 107 | 105 |
| Leverage | |||
| Current ratio | 1.21 | 1.21 | 1.12 |
| Debt to EBITDA | 2.91 | 2.26 | 2.82 |
| Debt to equity | 1.04 | 0.99 | 1.13 |
| Interest coverage | 2.9 | 4.8 | 4.5 |
| Asset turnover | 1.56 | 1.57 | 1.51 |
| Return ratios | |||
| Return on assets % | 3.8% | 8.9% | 5.8% |
| Return on capital employed % | 23.7% | 35.5% | 31% |
| Return on equity % | 10% | 23.2% | 18.5% |
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.