Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 15.7% | 13.5% | 13.2% |
| EBITDA margin % | 8.9% | 9% | 8.8% |
| EBIT margin % | 8.2% | 8.6% | 8.5% |
| PAT margin % | 7.5% | 8.7% | 8.2% |
| Working capital | |||
| Receivable days | 107 | 92 | 73 |
| Inventory days | 12 | 7 | 6 |
| Payable days | 106 | 94 | 36 |
| NWC days | 14 | 5 | 44 |
| Leverage | |||
| Current ratio | 1.6 | 1.61 | 2.84 |
| Debt to EBITDA | 0 | 0.02 | 0.39 |
| Debt to equity | 0 | 0 | 0.09 |
| Interest coverage | 61.8 | 63.8 | 77.1 |
| Asset turnover | 1.19 | 1.58 | 1.82 |
| Return ratios | |||
| Return on assets % | 8.9% | 13.8% | 15% |
| Return on capital employed % | 18% | 30.3% | 23.4% |
| Return on equity % | 16.6% | 21.9% | 22.8% |
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.