Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 48.8% | 52.1% | 50% |
| EBITDA margin % | 36% | 32.9% | 31.1% |
| EBIT margin % | 34.4% | 30.7% | 28.9% |
| PAT margin % | 26.6% | 23.3% | 25.4% |
| Working capital | |||
| Receivable days | 65 | 54 | 118 |
| Inventory days | 53 | 93 | 41 |
| Payable days | — | 12 | 7 |
| NWC days | — | 135 | 152 |
| Leverage | |||
| Current ratio | 1.45 | 1.94 | 5.96 |
| Debt to EBITDA | 1.02 | 0.59 | 0.13 |
| Debt to equity | 0.88 | 0.31 | 0.03 |
| Interest coverage | 13.7 | 12.7 | 20.5 |
| Asset turnover | 1.23 | 1.11 | 0.67 |
| Return ratios | |||
| Return on assets % | 32.7% | 25.9% | 16.9% |
| Return on capital employed % | 57.6% | 54.8% | 33.4% |
| Return on equity % | 63.7% | 36.9% | 18.2% |
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.