Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 25.8% | 31.4% |
| EBITDA margin % | 16.4% | 18.7% |
| EBIT margin % | 15.3% | 15.6% |
| PAT margin % | 12.3% | 12.7% |
| Working capital | ||
| Receivable days | 79 | 106 |
| Inventory days | 110 | 242 |
| Payable days | 63 | 140 |
| NWC days | 125 | 208 |
| Leverage | ||
| Current ratio | 4.52 | 1.64 |
| Debt to EBITDA | 0.47 | 1.67 |
| Debt to equity | 0.07 | 0.33 |
| Interest coverage | 22.8 | 17.5 |
| Asset turnover | 0.72 | 0.64 |
| Return ratios | ||
| Return on assets % | 8.9% | 8.2% |
| Return on capital employed % | 15.5% | 19.2% |
| Return on equity % | 10.6% | 13.3% |
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.