Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 98.9% | — |
| EBITDA margin % | 4.5% | 5.3% |
| EBIT margin % | 3.8% | 4.8% |
| PAT margin % | 2.6% | 3.4% |
| Working capital | ||
| Receivable days | 87 | 89 |
| Inventory days | 223 | 2 |
| Payable days | 96 | 1 |
| NWC days | 214 | 90 |
| Leverage | ||
| Current ratio | 1.36 | 1.43 |
| Debt to EBITDA | 5.2 | 4 |
| Debt to equity | 1.81 | 1.51 |
| Interest coverage | 2.2 | 2.9 |
| Asset turnover | 2.31 | 2.38 |
| Return ratios | ||
| Return on assets % | 6% | 8.1% |
| Return on capital employed % | 20.3% | 28% |
| Return on equity % | 20.1% | 24.2% |
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.