Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 9.1% | 8.6% |
| EBITDA margin % | 5.7% | 5.9% |
| EBIT margin % | 5.5% | 5.7% |
| PAT margin % | 3.5% | 3.6% |
| Working capital | ||
| Receivable days | 7 | 18 |
| Inventory days | 42 | 62 |
| Payable days | — | 14 |
| NWC days | — | 66 |
| Leverage | ||
| Current ratio | 1.51 | 1.77 |
| Debt to EBITDA | 2.52 | 2.27 |
| Debt to equity | 1.27 | 0.81 |
| Interest coverage | 4.6 | 6 |
| Asset turnover | 3.5 | 2.82 |
| Return ratios | ||
| Return on assets % | 12.1% | 10.3% |
| Return on capital employed % | 51.8% | 48.5% |
| Return on equity % | 30.5% | 22.3% |
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.