Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 43.2% | 63.9% | 45.5% |
| EBITDA margin % | 34.2% | 52.6% | 36.5% |
| EBIT margin % | 33.9% | 52.3% | 36.3% |
| PAT margin % | 26% | 41.5% | 31.6% |
| Working capital | |||
| Receivable days | 34 | 136 | 156 |
| Inventory days | 667 | 966 | 717 |
| Payable days | 20 | 22 | 33 |
| NWC days | 681 | 1,080 | 840 |
| Leverage | |||
| Current ratio | 1.34 | 5.14 | 6.08 |
| Debt to EBITDA | 2.71 | 0.42 | 0.47 |
| Debt to equity | 2.53 | 0.13 | 0.07 |
| Interest coverage | 1,008 | 1,535.1 | 169.4 |
| Asset turnover | 0.63 | 0.45 | 0.33 |
| Return ratios | |||
| Return on assets % | 16.3% | 18.7% | 10.3% |
| Return on capital employed % | 78.8% | 51.6% | 22.3% |
| Return on equity % | 70.7% | 24.4% | 12.7% |
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.