Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 10.5% | 11.3% |
| EBITDA margin % | 3.5% | 2.8% |
| EBIT margin % | 3.3% | 2.6% |
| PAT margin % | 2.2% | 1.8% |
| Working capital | ||
| Receivable days | 11 | 12 |
| Inventory days | 58 | 52 |
| Payable days | 1 | 0 |
| NWC days | 68 | 64 |
| Leverage | ||
| Current ratio | 4.23 | 7.57 |
| Debt to EBITDA | 0.84 | 0.67 |
| Debt to equity | 0.15 | 0.09 |
| Interest coverage | 5.5 | 5.1 |
| Asset turnover | 3.91 | 4.18 |
| Return ratios | ||
| Return on assets % | 8.4% | 7.3% |
| Return on capital employed % | 17.3% | 14.8% |
| Return on equity % | 10.5% | 8.2% |
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.