Consolidated figures
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Margins | ||||
| Gross margin % | 9% | 4.7% | 14.3% | 15.3% |
| EBITDA margin % | 6.8% | 2.9% | ||
| 9.9% |
| 7.9% |
| EBIT margin % | 6.8% | 2.8% | 8.8% | 6.2% |
| PAT margin % | 8% | 3.6% | 10.3% | 7.6% |
| Working capital | ||||
| Receivable days | 63 | 18 | 36 | 38 |
| Inventory days | 38 | 44 | 127 | 95 |
| Payable days | 13 | 2 | 0 | 7 |
| NWC days | 88 | 60 | 163 | 126 |
| Leverage | ||||
| Current ratio | 9.71 | 5.26 | 8.56 | 5.28 |
| Debt to EBITDA | 0.02 | 1.92 | 0.8 | 1.96 |
| Debt to equity | 0 | 0.16 | 0.11 | 0.25 |
| Interest coverage | 62.1 | 35 | 12.6 | 9.7 |
| Asset turnover | 2.08 | 2.09 | 1.1 | 1.09 |
| Return ratios | ||||
| Return on assets % | 16.7% | 7.5% | 11.3% | 8.3% |
| Return on capital employed % | 23.4% | 14.1% | 20.1% | 15.8% |
| Return on equity % | 20.5% | 10.1% | 13.8% | 12.3% |
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.