Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 91.5% | 86.8% |
| EBITDA margin % | 54.3% | 34.6% |
| EBIT margin % | 47.4% | 26.6% |
| PAT margin % | 43.2% | 27.7% |
| Working capital | ||
| Receivable days | 103 | 121 |
| Inventory days | 593 | 241 |
| Payable days | 499 | 244 |
| NWC days | 197 | 118 |
| Leverage | ||
| Current ratio | 2.59 | 2.38 |
| Debt to EBITDA | 0.09 | 0.16 |
| Debt to equity | 0.02 | 0.03 |
| Interest coverage | 14.6 | 10.6 |
| Asset turnover | 0.37 | 0.36 |
| Return ratios | ||
| Return on assets % | 16.1% | 10% |
| Return on capital employed % | 23.9% | 16.8% |
| Return on equity % | 21.2% | 13.4% |
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.