Consolidated figures
| Ratio | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Margins | |||
| Gross margin % | 25.5% | 38.4% | 40.1% |
| EBITDA margin % | 15.2% | 27.3% | 30.4% |
| EBIT margin % | 12.1% | 19.7% | 24.6% |
| PAT margin % | 7.4% | 14.4% | 19.3% |
| Working capital | |||
| Receivable days | 71 | 45 | 46 |
| Inventory days | 157 | 121 | 159 |
| Payable days | 152 | 88 | 90 |
| NWC days | 76 | 78 | 115 |
| Leverage | |||
| Current ratio | 1.16 | 1.88 | 1.83 |
| Debt to EBITDA | 2.91 | 1.06 | 1.52 |
| Debt to equity | 2.15 | 0.67 | 0.84 |
| Interest coverage | 3.4 | 8 | 13.4 |
| Asset turnover | 0.88 | 0.95 | 0.72 |
| Return ratios | |||
| Return on assets % | 6.5% | 13.7% | 13.9% |
| Return on capital employed % | 24.5% | 49.5% | 36.3% |
| Return on equity % | 35.8% | 33.2% | 35% |
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.