Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 39.6% | 52.6% | 50.4% |
| EBITDA margin % | 30.5% | 39% | 37.8% |
| EBIT margin % | 25.4% | 33.3% | 30.5% |
| PAT margin % | 18.7% | 24.7% | 30.9% |
| Working capital | |||
| Receivable days | 86 | 131 | 109 |
| Inventory days | 5 | 4 | 13 |
| Payable days | 45 | 88 | 56 |
| NWC days | 46 | 46 | 66 |
| Leverage | |||
| Current ratio | 2.56 | 1.25 | 1.22 |
| Debt to EBITDA | 1.21 | 1.71 | 2.29 |
| Debt to equity | 0.36 | 0.61 | 0.39 |
| Interest coverage | 11.4 | 7.4 | 6.3 |
| Asset turnover | 0.63 | 0.5 | 0.31 |
| Return ratios | |||
| Return on assets % | 11.8% | 12.4% | 9.6% |
| Return on capital employed % | 20.5% | 28% | 19.1% |
| Return on equity % | 18.2% | 22.8% | 13.9% |
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.