Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 45.8% | 46.6% | 43.1% |
| EBITDA margin % | 17.8% | 14.2% | 19.3% |
| EBIT margin % |
| 16.4% |
| 12.8% |
| 18.1% |
| PAT margin % | 14.8% | 15.1% | 18.4% |
| Working capital | |||
| Receivable days | 172 | 44 | 75 |
| Inventory days | 112 | 0 | 68 |
| Payable days | — | 86 | 45 |
| NWC days | — | -41 | 98 |
| Leverage | |||
| Current ratio | 1.78 | 2.77 | 3.33 |
| Debt to EBITDA | 0.9 | 0.88 | 0.21 |
| Debt to equity | 0.18 | 0.1 | 0.04 |
| Interest coverage | 9.6 | 12.9 | 25.2 |
| Asset turnover | 0.58 | 0.49 | 0.61 |
| Return ratios | |||
| Return on assets % | 8.6% | 7.4% | 11.2% |
| Return on capital employed % | 24.1% | 16.4% | 21.1% |
| Return on equity % | 16.2% | 12.5% | 17.2% |
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.