Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 95.7% | 60.8% | 54.6% |
| EBITDA margin % | 19.7% | 21.5% | 9.5% |
| EBIT margin % | 18.3% | 20.2% | 7.7% |
| PAT margin % | 15.1% | 16% | 6.5% |
| Working capital | |||
| Receivable days | 58 | 45 | 63 |
| Inventory days | 2,499 | 0 | 252 |
| Payable days | 179 | 99 | 88 |
| NWC days | 2,378 | -54 | 227 |
| Leverage | |||
| Current ratio | 1.2 | 2.26 | 2.14 |
| Debt to EBITDA | 0.25 | 0.07 | 0.36 |
| Debt to equity | 0.09 | 0.02 | 0.04 |
| Interest coverage | 31.3 | 66.1 | 26.2 |
| Asset turnover | 0.99 | 0.98 | 0.87 |
| Return ratios | |||
| Return on assets % | 15% | 15.7% | 5.6% |
| Return on capital employed % | 35.1% | 36.1% | 12.7% |
| Return on equity % | 27% | 23.8% | 8.1% |
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.