Consolidated figures
| Ratio | Mar 2025 | Mar 2026 |
|---|---|---|
| Margins | ||
| Gross margin % | 36.7% | 42% |
| EBITDA margin % | 16% | 14.5% |
| EBIT margin % | 14.8% | 12.8% |
| PAT margin % | 12.4% | 15.2% |
| Working capital | ||
| Receivable days | 117 | 67 |
| Inventory days | 59 | 209 |
| Payable days | 71 | 93 |
| NWC days | 105 | 184 |
| Leverage | ||
| Current ratio | 2.31 | 2.77 |
| Debt to EBITDA | 0.43 | 0.18 |
| Debt to equity | 0.09 | 0.02 |
| Interest coverage | 17.5 | 15.5 |
| Asset turnover | 0.85 | 0.55 |
| Return ratios | ||
| Return on assets % | 10.6% | 8.3% |
| Return on capital employed % | 21.1% | 17.5% |
| Return on equity % | 16.2% | 11.8% |
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.