Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 38.9% | 40.2% |
| EBITDA margin % | 11% | 11.6% |
| EBIT margin % | 4.5% | 5.4% |
| PAT margin % | 1.6% | 2.4% |
| Working capital | ||
| Receivable days | 35 | 41 |
| Inventory days | 55 | 68 |
| Payable days | 27 | 33 |
| NWC days | 63 | 77 |
| Leverage | ||
| Current ratio | 0.99 | 1.25 |
| Debt to EBITDA | 1.78 | 1.78 |
| Debt to equity | 0.41 | 0.47 |
| Interest coverage | 1.8 | 2.1 |
| Asset turnover | 1.25 | 1.31 |
| Return ratios | ||
| Return on assets % | 2% | 3.1% |
| Return on capital employed % | 8.7% | 11.4% |
| Return on equity % | 3.3% | 5.3% |
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.