Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 43.4% | 44.2% | 45.5% |
| EBITDA margin % | 8.6% | 9.3% | 10.4% |
| EBIT margin % | 7.4% | 8.3% | 9.4% |
| PAT margin % | 2.4% | 5.6% | 6.8% |
| Working capital | |||
| Receivable days | 72 | 67 | 79 |
| Inventory days | 121 | 80 | 76 |
| Payable days | 97 | 69 | 75 |
| NWC days | 95 | 79 | 80 |
| Leverage | |||
| Current ratio | 1.22 | 1.46 | 1.63 |
| Debt to EBITDA | 1.34 | 0.38 | 0.14 |
| Debt to equity | 0.61 | 0.17 | 0.06 |
| Interest coverage | 4.8 | 9.8 | 27.7 |
| Asset turnover | 1.68 | 2.12 | 2.02 |
| Return ratios | |||
| Return on assets % | 4% | 11.9% | 13.7% |
| Return on capital employed % | 32.9% | 40% | 41.2% |
| Return on equity % | 12.6% | 27% | 27.8% |
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.