Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 29% | 23% |
| EBITDA margin % | 8.4% | 10% |
| EBIT margin % | 7.1% | 9.4% |
| PAT margin % | 7.5% | 7.9% |
| Working capital | ||
| Receivable days | 70 | — |
| Inventory days | 208 | 121 |
| Payable days | — | — |
| NWC days | — | — |
| Leverage | ||
| Current ratio | 1.45 | 1.45 |
| Debt to EBITDA | 3.46 | — |
| Debt to equity | 0.49 | — |
| Interest coverage | 5.8 | 6.9 |
| Asset turnover | 0.72 | 0.85 |
| Return ratios | ||
| Return on assets % | 5.4% | 6.6% |
| Return on capital employed % | 14.6% | 24.2% |
| Return on equity % | 12.7% | — |
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.