Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | — | — | 34.7% |
| EBITDA margin % | 16.4% | 12.7% | 12.5% |
| EBIT margin % |
| 10.6% |
| 8.3% |
| 8.6% |
| PAT margin % | 10.2% | 6.6% | 9.2% |
| Working capital | |||
| Receivable days | 54 | 55 | 41 |
| Inventory days | 53 | 33 | 60 |
| Payable days | 60 | 42 | 72 |
| NWC days | 47 | 46 | 29 |
| Leverage | |||
| Current ratio | 1.24 | 1.34 | 1.8 |
| Debt to EBITDA | 0.49 | 0.89 | 1.49 |
| Debt to equity | 0.19 | 0.28 | 0.28 |
| Interest coverage | 9.4 | 8.6 | 11.9 |
| Asset turnover | 1.06 | 1.1 | 0.77 |
| Return ratios | |||
| Return on assets % | 10.8% | 7.3% | 7.1% |
| Return on capital employed % | 30.6% | 19.7% | 14.1% |
| Return on equity % | 24.8% | 16.2% | 13.9% |
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.