Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 52.6% | 46.2% | 48% |
| EBITDA margin % | 20.7% | 9.8% | 11.2% |
| EBIT margin % | 19.5% | 8.4% | 10.1% |
| PAT margin % | 13.1% | 6.3% | 7.9% |
| Working capital | |||
| Receivable days | 162 | 260 | 154 |
| Inventory days | 133 | 61 | 21 |
| Payable days | 183 | 159 | 164 |
| NWC days | 113 | 162 | 11 |
| Leverage | |||
| Current ratio | 1.5 | 2.72 | 2.04 |
| Debt to EBITDA | 0.55 | 0.09 | 0.81 |
| Debt to equity | 0.28 | 0.01 | 0.13 |
| Interest coverage | 9.9 | 4 | 5.9 |
| Asset turnover | 0.91 | 0.6 | 0.77 |
| Return ratios | |||
| Return on assets % | 11.9% | 3.8% | 6.1% |
| Return on capital employed % | 46.1% | 15.9% | 18.5% |
| Return on equity % | 32.1% | 6% | 11.4% |
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.